Cresud Agribusiness Swings to Operational Loss Despite 32% Production Gain

Cresud, the agricultural arm of the IRSA-linked group, increased grain and crop production by 32% but swung from an operational profit of $64.885 million to a loss of $15.441 million in its agribusiness segment. Higher costs and lower results from land sales drove the deterioration, signaling margin compression despite volume growth.

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