Cresud posts 2Q profit

BUENOS AIRES, Argentina (AP) _ Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) on Monday reported fiscal second-quarter net income of $90.9 million, after reporting a loss in the same period a year earlier.

The Buenos Aires, Argentina-based company said it had profit of $1.82 per share. Losses, adjusted to account for discontinued operations, were 27 cents per share.

The agricultural company posted revenue of $1.23 billion in the period.

Cresud shares have risen 24 percent since the beginning of the year. The stock has more than doubled in the last 12 months.


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Keywords: Cresud, Earnings Report