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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRS at https://www.zacks.com/ap/IRS

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Keywords: IRSA Inversiones, Earnings Report