Welcome!

Agile Computing Authors: Pat Romanski, Liz McMillan, Yeshim Deniz, Elizabeth White, Andy Thurai

News Feed Item

IRSA Inversiones y Representaciones Sociedad Anonima Announces Results for the Six-month period of FY 2013 Ended December 31, 2012

BUENOS AIRES, Argentina, Feb. 18, 2013 /PRNewswire/ -- IRSA Inversiones y Representaciones Sociedad Anonima (NYSE: IRS; BASE: IRSA), the leading real estate company in Argentina, announces its results for the first six months of FY 2013 Ended December 31, 2012

HIGHLIGHTS

  • Net income for the first six months of 2013 was ARS 245.9 million increasing 209.7% compared to the same period of last year.
  • For the first six months of 2013, IRSA's revenues increased by 19.0% to ARS 1,086.0 million, and EBITDA grew 45.4% to ARS 666.0 million.
  • Revenues and EBITDA from the Shopping Centers segment grew 20.4% and 16.8%, respectively, in the first semester of fiscal year 2013 as compared to 2012. The portfolio occupancy stood at 98.8%.
  • The offices segment shows 96.5% occupancy in our portfolio.
  • In November 2012, the transaction whereby IRSA increased to 74.50% its interest in Rigby 183 LLC, owner of the Madison 183 building in Manhattan, was completed.

Six month period of Fiscal Year 2013 Financial Highlights
(In thousands of Argentine Pesos)
Ended December 31, 2012


12-31-12

12-31-11

Total sales

1,086,041

912,919

Operating Income

558,874

372,271

Net Income (Loss)

245,879

79,384

Net Income per GDS

0.0387

0.1141





12-31-12

06-30-12

Total Current Assets

1,208,407

839,328

Total Non Current Assets

6,680,475

6,050,293

Total Assets

7,888,882

6,889,621

Short-Term debt

613,462

500,926

Total Current Liabilities

1,509,024

1,205,744

Long-term debt

2,762,384

2,215,053

Total Non Current Liabilities

3,208,496

2,644,108

Total Liabilities

4,717,520

3,849,852

Minority interest

465,233

3,039,769

Shareholders' Equity

3,171,362

3,039,769

IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BASE: IRSA) is Argentina's largest, most well-diversified real estate company, and it is the only company in the industry whose shares are listed on both the Bolsa de Comercio de Buenos Aires and The New York Stock Exchange. Through its subsidiaries, IRSA manages an expanding top portfolio of shopping centers and office buildings, primarily in Buenos Aires. The company also develops residential subdivisions and apartments (specializing in high-rises and loft-style conversions) and owns three luxury hotels. Its solid, diversified portfolio of properties has established the Company as the leader in the sector in which it participates, making it the best vehicle to access the Argentine real estate market. Additionally, IRSA owns a stake in Banco Hipotecario, Argentina's largest mortgage supplier in the country.

A LONGER VERSION OF THIS PRESS RELEASE WITH DETAILED INFORMATION IS AVAILABLE ON THE WEB SITE: WWW.IRSA.COM.AR

IRSA cordially invites you to participate in its six month period FY 2013 Results Conference Call on Tuesday, February 19, 2013 at 11:30 AM Eastern Time

To participate, please call:
888-734-0544 If you are in the US or
+1-706-758-3363 for international calls
PIN# 92378952

To access the webcast, click on the link below:
http://webcast.mzvaluemonitor.com/Home/Login/686  

SOURCE IRSA Inversiones y Representaciones Sociedad Anonima

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...