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Cresud Inc. (NASDAQ:CRESY) reported a material error in the computation of the inflation adjustment of the share premium related to the exercise of warrants during the fiscal years ended June 30, 2024, 2023, and 2022. The company disclosed in a press release statement that this correction is included in the translation of its annual financial statements as of June 30, 2025 and 2024, and for the years ended June 30, 2025, 2024, and 2023.
According to the filing, Cresud intends to reflect the correction of this material error in its Form 20-F for the year ended June 30, 2025, which is expected to be filed in the near future.
The disclosure was made as part of the company’s Form 6-K submitted to the Securities and Exchange Commission. The company stated that the restatement disclosures and details regarding the error can be found in Note 1 to its annual financial statements.
Cresud is a real estate company based in Buenos Aires, Argentina.
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