{"id":534508,"date":"2021-09-06T10:32:54","date_gmt":"2021-09-06T14:32:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/"},"modified":"2021-09-06T10:32:54","modified_gmt":"2021-09-06T14:32:54","slug":"irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/","title":{"rendered":"IRSA Inversiones y Representaciones S.A. announces today its results for the Fiscal Year 2021 ended June 30, 2021."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BUENOS AIRES, Argentina<\/span>, <span class=\"xn-chron\">Sept. 6, 2021<\/span> \/PRNewswire\/ &#8212;<b>\u00a0<\/b>IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in <span class=\"xn-location\">Argentina<\/span>, announces today its results for the Fiscal Year 2021 ended <span class=\"xn-chron\">June 30, 2021<\/span>.<\/p>\n<p>\n        <b>HIGHLIGHTS<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company&#8217;s shopping malls and hotels were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. <\/li>\n<li>Malls&#8217; tenant sales and revenues fell 27.8% and 40.3%, respectively, in real terms, office revenues fell 22.0% and hotel revenues 69.7%. Adjusted EBITDA of the rental segments reached <span class=\"xn-money\">ARS 4,223 million<\/span>, 55.1% lower than the previous year, while total Adjusted EBITDA, which includes investment property sales, reached <span class=\"xn-money\">ARS 13,284 million<\/span>, growing by 54.6% in the year. <\/li>\n<li>The net result for fiscal year 2021 showed a loss of <span class=\"xn-money\">ARS 37,591 million<\/span> mainly explained by the operating result, the impact of the change in the rate, from 25% to 35%, in the deferred income tax and the loss recorded by discontinued operations. <\/li>\n<li>During fiscal year 2021, we sold approximately 29,700 m2 of premium offices for a total amount of <span class=\"xn-money\">USD 170.6 million<\/span> and inaugurated the building located at Della Paolera 261, the company&#8217;s new headquarters. <\/li>\n<li>In financial matters, during the year we issued debt in the local market for <span class=\"xn-money\">USD 216 million<\/span>, we successfully completed the exchange of the Series I Notes for <span class=\"xn-money\">USD 181.5 million<\/span> within the framework of the BCRA Resolution, we increased the capital by approximately <span class=\"xn-money\">USD 29 million<\/span> and we distributed a dividend in kind with shares of IRSA Propiedades Comerciales for the sum of <span class=\"xn-money\">ARS 484 million<\/span>.<\/li>\n<\/ul>\n<p>\n        <b>Financial Highlights <br \/><\/b>(In millions of Argentine Pesos)<br \/>FY 2021<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Income Statement<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>06\/30\/2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>06\/30\/2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Revenues <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,978<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,263<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Consolidated Gross Profit<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,414<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,391<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net result from changes in the fair value of investment properties<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7,770)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">50,664<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Consolidated (Loss) \/ Profit from Operations<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,949)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">58,051<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Result for the Period<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(37,591)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>35,651<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\n              \n            <\/td>\n<td class=\"prngen8\">\n              \n            <\/td>\n<td class=\"prngen8\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <u>Attributable to:<\/u><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">IRSA&#8217;s Shareholders<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(29,929)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,405<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-Controlling interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7,662)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14,246<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EPS (Basic)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(50.86)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">37.20<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EPS (Diluted)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(50.86)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">37.10<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Balance Sheet<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>06\/30\/2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>06\/30\/2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Current Assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13,923<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">308,987<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-Current Assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">208,859<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">633,067<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Assets<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>222,782<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>942,054<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Current Liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">22,138<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">215,362<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-Current Liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">117,920<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">542,464<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Liabilities<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>140,058<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>757,826<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-Controlling Interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">20,892<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">98,423<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Shareholders&#8217; Equity<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>82,724<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>184,228<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\n        <b>IRSA Inversiones y Representaciones S.A<\/b>. (NYSE: IRS, BYMA: IRSA), the <span class=\"xn-location\">Argentina&#8217;s<\/span> largest, most well-diversified real estate company, with investments in the US, cordially invites you to participate in its FY 2021 Results Conference Call on <span class=\"xn-chron\">Thursday, September 9, 2021<\/span>, at <span class=\"xn-chron\">10:00 AM<\/span> US Eastern Time \/ <span class=\"xn-chron\">11:00 AM<\/span> BA Time.<\/p>\n<p>\n        <b>To access the Webinar: <\/b>\n      <\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/irsacorp.zoom.us\/j\/89161656291?pwd=Ky8wNjMyU2ZiakowcFJiNnc5cHdIdz09\" rel=\"nofollow noopener\">https:\/\/irsacorp.zoom.us\/j\/89161656291?pwd=Ky8wNjMyU2ZiakowcFJiNnc5cHdIdz09<\/a>\u00a0<\/p>\n<p>Webinar ID: 891 6165 6291<\/p>\n<p>Password: 087884<\/p>\n<p>\n        <b>In addition, you can participate communicating to this numbers: <\/b>\n      <\/p>\n<p>\n        <span class=\"xn-location\">Argentina<\/span>: +54 112 040 0447 or +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986 <\/p>\n<p>\n        <span class=\"xn-location\">Israel<\/span>: +972 3 978 6688 or +972 55 330 1762 <\/p>\n<p>\n        <span class=\"xn-location\">Brazil<\/span>: +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237 or +55 11 4680 6788 <\/p>\n<p>\n        <span class=\"xn-location\">United States of America<\/span>: +1 312 626 6799 or +1 346 248 7799 or +1 646 558 8656 or +1 669 900 9128 or +1 253 215 8782 or +1 301 715 8592 <\/p>\n<p>\n        <span class=\"xn-location\">Chile<\/span>: +56 232 938 848 or +56 41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210 9066 <\/p>\n<p>\n        <b>Investor Relations Department.<\/b>\n      <\/p>\n<p>+ 5411 4323-7449 <\/p>\n<p>\n        <a target=\"_blank\" href=\"mailto:ir@irsa.com.ar\" rel=\"nofollow noopener\">ir@irsa.com.ar<\/a>\u00a0<\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/www.irsa.com.ar\/home-inversores.php?lng=en\" rel=\"nofollow noopener\">https:\/\/www.irsa.com.ar\/home-inversores.php?lng=en<\/a>\n      <\/p>\n<p>Follow us on Twitter <i>@irsair<\/i><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=MX96974&amp;sd=2021-09-06\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/irsa-inversiones-y-representaciones-sa-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021-301369784.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/irsa-inversiones-y-representaciones-sa-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021-301369784.html<\/a><\/p>\n<p>SOURCE  IRSA Inversiones y Representaciones S.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=MX96974&amp;Transmission_Id=202109061029PR_NEWS_USPR_____MX96974&amp;DateId=20210906\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BUENOS AIRES, Argentina, Sept. 6, 2021 \/PRNewswire\/ &#8212;\u00a0IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the Fiscal Year 2021 ended June 30, 2021. HIGHLIGHTS The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company&#8217;s shopping malls and hotels were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. Malls&#8217; tenant sales and revenues fell 27.8% and 40.3%, respectively, in real terms, office revenues fell 22.0% and hotel revenues 69.7%. Adjusted EBITDA of the rental segments reached ARS 4,223 million, 55.1% lower than the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IRSA Inversiones y Representaciones S.A. announces today its results for the Fiscal Year 2021 ended June 30, 2021.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-534508","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IRSA Inversiones y Representaciones S.A. announces today its results for the Fiscal Year 2021 ended June 30, 2021. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRSA Inversiones y Representaciones S.A. announces today its results for the Fiscal Year 2021 ended June 30, 2021. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BUENOS AIRES, Argentina, Sept. 6, 2021 \/PRNewswire\/ &#8212;\u00a0IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the Fiscal Year 2021 ended June 30, 2021. HIGHLIGHTS The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company&#8217;s shopping malls and hotels were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. Malls&#8217; tenant sales and revenues fell 27.8% and 40.3%, respectively, in real terms, office revenues fell 22.0% and hotel revenues 69.7%. Adjusted EBITDA of the rental segments reached ARS 4,223 million, 55.1% lower than the &hellip; Continue reading &quot;IRSA Inversiones y Representaciones S.A. announces today its results for the Fiscal Year 2021 ended June 30, 2021.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-06T14:32:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=MX96974&amp;sd=2021-09-06\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"IRSA Inversiones y Representaciones S.A. announces today its results for the Fiscal Year 2021 ended June 30, 2021.\",\"datePublished\":\"2021-09-06T14:32:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/\"},\"wordCount\":477,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=MX96974&amp;sd=2021-09-06\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/irsa-inversiones-y-representaciones-s-a-announces-today-its-results-for-the-fiscal-year-2021-ended-june-30-2021\\\/\",\"name\":\"IRSA Inversiones y Representaciones S.A. announces today its results for the Fiscal Year 2021 ended June 30, 2021. - 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(NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the Fiscal Year 2021 ended June 30, 2021. HIGHLIGHTS The results for fiscal year 2021 have been affected by the restrictions due to the COVID19 pandemic. The company&#8217;s shopping malls and hotels were closed for most of the year while the offices remained operational, even though most of the tenants adopted the remote work modality. Malls&#8217; tenant sales and revenues fell 27.8% and 40.3%, respectively, in real terms, office revenues fell 22.0% and hotel revenues 69.7%. 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