BUENOS
AIRES, Argentina, May 11, 2022
/PRNewswire/ --
HIGHLIGHTS
- In December 2021, the
Shareholders' Meetings of IRSA and IRSA PC approved the merger by
absorption between the companies, in which IRSA absorbs IRSA PC.
The merger has an effective date of July 1,
2021, and the exchange of IRSA PC shares for IRSA shares
will take place in the coming days.
- The net result for the nine-month period of fiscal year 2022
registered a profit of ARS 11,502
million compared to a loss of ARS
22,821 million in the previous fiscal year.
- Adjusted EBITDA reached ARS 12,927
million in the 9-month period of fiscal year 2022, 28.2%
lower than the same period of 2021 due to lower sales of investment
properties and 13.4% higher than the one registered in the same
period of 2020. Rental adjusted EBITDA reached ARS 10,060 million (ARS
7,778 million for shopping malls, ARS
1,540 million for offices and ARS 742
million for hotels).
- Tenant sales in shopping malls grew in real terms during the
third quarter of 2022 by 21.2% compared to the same quarter of
2019, not affected by the pandemic. Portfolio occupancy grew to
91.5%.
- During the quarter we sold 5 floors of the "261 Della Paolera" building with an area of 5,920 m2
for an approximate amount of USD 52
million and subsequently, we sold 100% of the República
building in block with an area of 19,885 sqm for an approximate
amount of USD 131.8 million.
- In March 2022, we launched a
share repurchase plan for up to ARS 1,000
million. To date, the company has repurchased approximately
7.3% of the program.
Financial Highlights
(In millions of Argentine
Pesos)
9M FY 2022
Income
Statement
|
03/31/2022
|
03/31/2021
|
Revenues
|
19,461
|
14,234
|
Gross Profit
|
12,002
|
7,319
|
Net result from changes
in the fair value of investment properties
|
(11,095)
|
(10,635)
|
Loss from
Operations
|
(3,427)
|
(8,405)
|
Result for the
Period
|
11,502
|
(22,821)
|
|
|
|
Attributable
to:
|
|
|
IRSA's
Shareholders
|
12,470
|
(17,818)
|
Non-Controlling
interest
|
(968)
|
(5,003)
|
|
|
|
EPS (Basic)
|
15.42
|
(30.91)
|
EPS
(Diluted)
|
14.00
|
(30.91)
|
|
|
|
Balance
Sheet
|
03/31/2022
|
06/30/2021
|
Current
Assets
|
24,399
|
19,464
|
Non-Current
Assets
|
267,164
|
291,975
|
Total
Assets
|
291,563
|
311,439
|
Current
Liabilities
|
25,026
|
30,949
|
Non-Current
Liabilities
|
140,254
|
164,846
|
Total
Liabilities
|
165,280
|
195,795
|
Non-Controlling
Interest
|
8,394
|
29,206
|
Shareholders'
Equity
|
126,283
|
115,644
|
IRSA Inversiones y Representaciones S.A. (NYSE: IRS,
BYMA: IRSA), the Argentina's
largest, most well-diversified real estate company, cordially
invites you to participate in its IIIQ FY 2022 Results Conference
Call on Friday, May 13, 2022, at
10:00 AM US Eastern Time /
11:00 AM BA Time.
To participate, please access through the following
link:
https://irsacorp.zoom.us/j/87861031276?pwd=bnRBWWEwKzFLTHJmMys3SGJISFEzQT09
Webinar ID: 878 6103 1276
Password: 211602
In addition, you can participate communicating to this
numbers:
Argentina: +54 112
040 0447 or +54 115 983 6950 or +54 341 512 2188 or +54 343 414
5986
Israel: +972 3 978 6688 or +972 55
330 1762
Brazil: +55 11 4700 9668 or +55 21
3958 7888 or +55 11 4632 2236 or +55 11 4632 2237 or +55 11 4680
6788
United States of America: +1 312
626 6799 or +1 346 248 7799 or +1 646 558 8656 or +1 669 900 9128
or +1 253 215 8782 or +1 301 715 8592
Chile: +56 232 938 848 or +56 41
256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210
9066
Investor Relations Department.
+ 5411 4323-7449
ir@irsa.com.ar
https://www.irsa.com.ar/home-inversores.php?lng=en
Follow us on Twitter @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.