BUENOS
AIRES, Argentina, Nov. 9, 2022
/PRNewswire/ -- IRSA Inversiones y Representaciones S.A.
(NYSE: IRS, BYMA: IRSA), Argentina's largest, most well-diversified
real estate company, cordially invites you to participate in its IQ
FY 2023 Results Conference Call on Thursday,
November 10, 2022, at 10:00 AM
US Eastern Time / 12:00 PM BA
Time.
HIGHLIGHTS
- The net result for the first quarter of fiscal year 2023
registered a gain of ARS 1,297
million compared to a loss of ARS
1,855 million in the previous fiscal year.
- The rental adjusted EBITDA reached ARS 5,796 million, ARS
4,575 million in the Shopping Malls segment, ARS 562 million in the Offices segment and
ARS 659 million in the Hotels
segment, 46.6% higher than the first quarter of the previous year.
Total adjusted EBITDA, which includes the sale of one floor of "200
Della Paolera" building, reached
ARS 6,696 million, increasing 93.9%
in the period.
- Real tenant sales in shopping malls grew by 21.9% in the
first quarter of 2023 compared to the same period in 2020, not
affected by the pandemic. Portfolio occupancy grew slightly to
93.7%.
- The hotel segment registered record revenue levels during
the first quarter of fiscal year 2023, motivated by the Llao Llao
resort, in the city of Bariloche. The EBITDA of the segment
increased by 357.6% compared to the same period of
2022.
- During the period, we finalized the share repurchase plan
launched in the previous fiscal year. The company acquired 1.16% of
the capital stock for the sum of ARS 995
million.
- Since November
8th, 2022, the Company made available to its
shareholders a cash dividend for ARS 4,340
million, equivalent to ARS/share 5.41438 and ARS/ADR
54.1438.
Financial
Highlights
(In millions of Argentine
Pesos)
3M FY
2023
Income Statement
|
09/30/2022
|
09/30/2021
|
Revenues
|
11,667
|
8,020
|
Consolidated Gross
Profit
|
7,403
|
4,810
|
Net result from changes
in the fair value of investment properties
|
(6,629)
|
(11,887)
|
Consolidated Loss from
Operations
|
(1,057)
|
(8,933)
|
Result for the Period
|
1,297
|
(1,855)
|
|
|
|
Attributable to:
|
|
|
IRSA's
Shareholders
|
1,162
|
(1,097)
|
Non-Controlling
interest
|
135
|
(758)
|
|
|
|
EPS (Basic)
|
1.45
|
(1.67)
|
EPS
(Diluted)
|
1.30
|
(1.67)
|
|
|
|
Balance Sheet
|
09/30/2022
|
06/30/2022
|
Current
Assets
|
35,016
|
51,740
|
Non-Current
Assets
|
395,828
|
402,978
|
Total Assets
|
430,844
|
454,718
|
Current
Liabilities
|
58,917
|
105,423
|
Non-Current
Liabilities
|
164,542
|
142,268
|
Total Liabilities
|
223,459
|
247,691
|
Non-Controlling
Interest
|
13,352
|
13,264
|
Shareholders' Equity
|
207,385
|
207,027
|
The Company's market capitalization as of September 30, 2022, was approximately
USD 330 million. (81,088,851 GDS with
a price per GDS of USD
4.07).
To access the Webinar:
https://irsacorp.zoom.us/webinar/register/WN_N3SSb0A8SZShxu2WkFWKqA
Webinar ID: 825 8478 7407
Password:
133045
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.