IRSA Inversiones posts 2Q profit

BUENOS AIRES, Argentina (AP) _ IRSA Inversiones y Representaciones SA (IRS) on Monday reported fiscal second-quarter net income of $171.1 million, after reporting a loss in the same period a year earlier.

The Buenos Aires, Argentina-based company said it had profit of $2.96 per share. Earnings, adjusted to account for discontinued operations, were 39 cents per share.

The real estate company posted revenue of $1.17 billion in the period.

IRSA Inversiones shares have climbed 25 percent since the beginning of the year. The stock has more than doubled in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on IRS at


Keywords: IRSA Inversiones, Earnings Report