IRSA Inversiones Y Representaciones S.A. EPS ARS(24.77) Down From ARS259.85 YoY; Revenues ARS328.546 Million Down From ARS331.721 Million YoY
Portfolio Pulse from Benzinga Newsdesk
IRSA Inversiones Y Representaciones S.A. reported a significant drop in EPS and revenues year-over-year. Despite a rise in rental adjusted EBITDA, the company faced a net loss due to changes in the fair value of investment properties. The company engaged in several asset sales and acquisitions, distributed dividends, and repurchased shares.
September 03, 2024 | 5:29 pm
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NEGATIVE IMPACT
IRSA Inversiones Y Representaciones S.A. reported a significant drop in EPS from ARS 259.85 to ARS 24.77 YoY, and revenues slightly decreased. The company faced a net loss due to changes in the fair value of investment properties, despite an increase in rental adjusted EBITDA. The company engaged in asset sales, acquisitions, and share repurchases.
The significant drop in EPS and net loss due to changes in investment property values are negative indicators for IRSA's short-term stock performance. However, the increase in rental EBITDA and strategic asset management could mitigate some negative impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100