BUENOS
AIRES, Argentina, Feb. 9, 2023
/PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE:
IRS; BYMA: IRSA), leading real estate company in Argentina, announces today its results for the
second quarter of the Fiscal Year 2023 ended December 31, 2022.
HIGHLIGHTS
- The net result for the first half of fiscal year 2023
registered a profit of ARS 15,436
million compared to a profit of ARS
49,712 million in the previous fiscal year.
- The rental adjusted EBITDA reached ARS
15,471 million, 47.5% higher than the first half of the
previous year, driven by the segments of shopping malls and hotels.
Total adjusted EBITDA, which includes sales of investment
properties, reached ARS 13,903
million, increasing 10.1% in the period.
- Tenant real sales in shopping malls grew by 22.2% in the first
semester of 2023 compared to the same period of 2022. The EBITDA of
the segment reached ARS 12,419
million, increasing by 50.5% in the period and the EBITDA
margin grew to 78.6%.
- Occupancy in the rental segments grew in the quarter, reaching
93.9% in shopping malls, 83.8% in the premium office portfolio, and
71.4% in hotels.
- On November 8, 2022, the Company
distributed to shareholders a cash dividend in the amount of
ARS 4,340 million, equivalent to
ARS/share 5.41438 and ARS/ADR 54.1438.
- After closing, we issued Series XV and XVI Notes for the sum of
USD 90 million. Funds will be used to
cancel short-term liabilities.
Financial Highlights
(In millions of
Argentine Pesos)
6M FY 2023
Income
Statement
|
12/31/2022
|
12/31/2021
|
Revenues
|
30,890
|
21,527
|
Consolidated Gross
Profit
|
20,411
|
13,315
|
Net result from changes
in the fair value of investment properties
|
(29,530)
|
43,731
|
Consolidated Result
from Operations
|
(17,422)
|
51,642
|
Result for the
Period
|
15,436
|
49,712
|
|
|
|
Attributable
to:
|
|
|
IRSA's
Shareholders
|
15,090
|
50,105
|
Non-Controlling
interest
|
346
|
(393)
|
|
|
|
EPS (Basic)
|
18.85
|
61.94
|
EPS
(Diluted)
|
16.92
|
56.25
|
|
|
|
Balance
Sheet
|
12/31/2022
|
06/30/2022
|
Current
Assets
|
46,403
|
60,689
|
Non-Current
Assets
|
442,829
|
472,666
|
Total
Assets
|
489,232
|
533,355
|
Current
Liabilities
|
56,329
|
123,656
|
Non-Current
Liabilities
|
182,808
|
166,871
|
Total
Liabilities
|
239,137
|
290,527
|
Non-Controlling
Interest
|
15,769
|
15,557
|
Shareholders'
Equity
|
250,095
|
242,828
|
The Company's market capitalization as of December 31, 2022, was approximately USD 388 million. (81,089,539 GDS with a price per
GDS of USD 4.78).
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 IIQ FY 2023 Results Conference
Call on Monday, February 13, 2023, at
10:00 AM US Eastern Time /
12:00 PM BA Time.
To access the Webinar:
https://irsacorp.zoom.us/webinar/register/WN_ymlPxyxdTkqZJxRoAuXajA
Webinar ID: 868 1139 3494
Password: 317213
In addition, you can participate communicating to this
numbers:
Argentina: +54 341 512
2188 or +54 343 414 5986 or +54 112 040 0447 or +54 115 983
6950
Israel: +972 2 376 4510 or +972
3 978 6688 or +972 2 376 4509
Brasil : +55 11 4632 2237 or +55 11 4680 6788
or +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632
2236
Estados Unidos: +1 507 473 4847 or +1 564 217 2000 or +1
646 558 8656 or +1 646 931 3860 or +1 669 444 9171 or +1 669 900
9128 or +1 689 278 1000 or +1 719 359 4580 or +1 253 205 0468 or +1
253 215 8782 or +1 301 715 8592 or +1 305 224 1968 or +1 309 205
3325 or +1 312 626 6799 or +1 346 248 7799 or +1 360 209 5623 or +1
386 347 5053
Chile: +56 22 573 9305 or +56
23 210 9066 or +56 232 938 848 or +56 41 256 0288
or +56 22 5739304
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.