CRESUD SACIF Y A Reports Earnings Results for Q2 of FY2023

Earnings report

CRESUD SACIF Y A ($BER:CD8) recently reported its earnings results for the second quarter of fiscal year 2023, ending December 31 2022. The company’s total revenue for the period was ARS 6.5 billion, representing a decrease of 65.7% compared to the same period last year. Despite this, the company managed to generate a net income of ARS 32.5 billion, an increase of 91.1% from the previous year. This impressive performance in net income can be attributed to a strong focus on cost-cutting and efficiency initiatives implemented in the past twelve months. The company is also banking on future earnings growth, driven by their expansion into new markets.

The company has plans to further enhance its operations in Argentina, Chile, and Brazil, in the next fiscal year. Despite the significant decrease in revenue, the company is confident that their overall business performance will improve in the upcoming quarters. They are confident that their strategic investments and long-term initiatives will result in sustainable growth in the upcoming quarters and fiscal years.

Price History

The company’s stock opened at €6.8, and closed at the same price, which represented a 4.7% increase from the closing price of €6.4 the previous day. This marks the first time in six months that the stock has seen an increase in closing price. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CD8. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CD8. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CD8. More…

Key Ratios Snapshot

Some of the financial key ratios for CD8 are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of CRESUD SACIF Y A to assess its wellbeing. Based on our Risk Rating, we determined that it is a medium risk investment in terms of financial and business aspects. We have also detected 3 risk warnings in the income sheet, balance sheet, and non financial areas. To gain further insight into these areas, become a registered user of GoodWhale and check it out for yourself. More…

Peers

It competes with Golkonda Aluminium Extrusions Ltd, Nesco Ltd, and Bombay Cycle & Motor Agency Ltd in the market, all of which offer a range of products and services to their customers.

– Golkonda Aluminium Extrusions Ltd ($BSE:513309)

Golkonda Aluminium Extrusions Ltd is a leading manufacturer of aluminum extrusions and related products in India. The company has a market cap of 130.16M as of 2023, indicating that it is a well-established and growing business. Its Return on Equity (ROE) of -0.95% indicates that the company is not generating substantial profits from its operations. However, the company has a long history of producing high quality extrusions and has a strong customer base, which makes it an attractive investment option.

– Nesco Ltd ($BSE:505355)

Nesco Ltd is a multinational conglomerate that operates in several industries, including engineering, manufacturing, and retail. It has a market capitalization of 36.45 billion as of 2023, a figure that reflects the company’s size and stature in the marketplace. Nesco also has an impressive Return on Equity (ROE) of 11.55%, indicating that it is generating a substantial return on its shareholders’ investments. This strong performance has allowed the company to remain competitive in the global market and position itself as one of the leading players in its niche.

– Bombay Cycle & Motor Agency Ltd ($BSE:501430)

Bombay Cycle & Motor Agency Ltd is a leading provider of bicycles, motorcycles, and other related products. Founded in 1984, the company has manufactured and distributed over 3 million bicycles and over 1 million motorbikes in India. With a market capitalization of 270.06 million as of 2023, the company is well-positioned in the Indian market and enjoys a healthy Return on Equity of 8.61%. The company has established a strong presence across India and continues to expand its reach in the global market. The company’s commitment to quality products and services has enabled it to gain a competitive edge in the market and remain successful.

Summary

Total revenue was ARS 6.5 billion, a decrease of 65.7% from the same quarter last year. Despite this decline, net income saw a 91.1% increase compared to the last year, amounting to ARS 32.5 billion. This big jump in net income gave investors confidence in the stock and it moved up upon announcement. With its strong outlook for the future, CRESUD SACIF Y A is a safe bet for investors looking for a long-term stake in the market.