CRESY » Topics » Internet

This excerpt taken from the CRESY 6-K filed May 23, 2007.

Internet

The Company holds a 70% equity interest in Fyo.com, an Internet site. Fyo.com’s position as leader in the farming sector continues to strengthen on the basis of the broad range of business services offered to the sector and Fyo.com’s role in direct sales of supplies and crop brokerage services.

At present, Futuros y Opciones.com S.A. has a database of 60,000 users and more than 7,000 farmers authorized to carry out business. The strategy implemented consists in focusing on business services to farmers by leveraging on Cresud’s experience and operating capacity in the business, with Fyo.com being the link with customers.

During the period ended March 31, 2007, Futuros y Opciones.com S.A. posted income for Ps. 2.7 million, 53% higher than the income for the same period of the previous fiscal year. Net results for the period were a Ps. 0.2 million loss, as compared to the Ps. 0.5 million loss for the same period in fiscal year 2006.

 

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Cresud Sociedad Anónima, Comercial,

Inmobiliaria, Financiera y Agropecuaria

Business Highlight (Continued)

 

This excerpt taken from the CRESY 6-K filed Feb 22, 2007.

Internet

The Company holds a 70% equity interest in Fyo.com, an Internet site. Fyo.com’s position as leader in the farming sector continues to strengthen on the basis of the broad range of business services offered to the sector and Fyo.com’s role in direct sales of supplies and crop brokerage services.

At present, Futuros y Opciones.com S.A. has a database of 60,000 users and more than 7,000 farmers authorized to carry out business. The strategy implemented consists in focusing on business services to farmers by leveraging on Cresud’s experience and operating capacity in the business, with Fyo.com being the link with customers.

During the period ended December 31, 2006, Futuros y Opciones.com S.A. posted income for Ps. 2 million, 40% higher than the income for the same period of the previous fiscal year. Net results for the period were a Ps. 0.05 million profit, as compared to the Ps. 0.26 million loss for the same period in fiscal year 2006.

 


1

Exchange rate as of 12/29/06: 1US$ - R$ 2.1355

 

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Cresud Sociedad Anónima, Comercial,

Inmobiliaria, Financiera y Agropecuaria

Business Highlight (Continued)

This excerpt taken from the CRESY 6-K filed Nov 24, 2006.

Internet

Futuros Y Opciones.com S.A. (FyO), the internet site in which the Company holds a 70% equity interest, continues to strengthen its position as the leading website in the agricultural sector, covering a broad range of commercial services for the agricultural and livestock industry including direct sales of inputs and crop brokerage activities.

Today FyO. has a database of 40,000 users, and of more than 5,000 agricultural farmers who are authorized to close deals. Our strategy is focused on commercial services to farmers by leveraging Cresud’s experience and operational capacity in the business with fyo being the nexus with the customer.

During the quarter ended on September 30, 2006 Futuros y Opciones.com S.A.’s income amounted to Ps. 0.78 million, i.e., it maintained the same level shown during the previous fiscal year. The net result for the quarter was a Ps. 0.30 million loss.

 

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Cresud Sociedad Anónima, Comercial,

Inmobiliaria, Financiera y Agropecuaria

Business Highlight (Continued)

 

This excerpt taken from the CRESY 6-K filed May 30, 2006.

Internet

The Company holds a 70% equity interest in Fyo.com, an Internet site. Fyo.com’s position as leader in the farming sector continues to strengthen on the basis of the broad range of business services offered to the sector and Fyo.com’s role in direct sales of supplies and crop brokerage services.

At present, Futuros y Opciones.com S.A. has a database of over 40,000 users and more than 5,000 farmers authorized to carry out business. The strategy implemented consists in focusing on business services to farmers by leveraging on Cresud’s experience and operating capacity in the business, with Fyo.com being the link with customers.

During the period ended March 31, 2006, Futuros y Opciones.com S.A. posted sales for Ps. 1.8 million, 130% higher than the sales for the same period of the previous fiscal year. Net results for the period were a Ps. 0.45 million loss, 25% higher than the Ps. 0.37 million loss for the same period in fiscal 2005.

 

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Cresud Sociedad Anónima, Comercial,

Inmobiliaria, Financiera y Agropecuaria

Business Highlight (continued)

This excerpt taken from the CRESY 6-K filed Feb 23, 2006.

Internet

 

The Company holds a 70% equity interest in Fyo.com, an Internet site. Fyo.com’s position as leader in the farming sector continues to strengthen on the basis of the broad range of business services offered to the sector and Fyo.com’s role in direct sales of supplies and crop brokerage services.

 

At present, Futuros y Opciones.com S.A. has a database of over 40,000 users and more than 5,000 farmers authorized to carry out business. The strategy implemented consists in focusing on business services to farmers by leveraging on Cresud’s experience and operating capacity in the business, with Fyo.com being the link with customers.

 

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Cresud Sociedad Anónima, Comercial,

Inmobiliaria, Financiera y Agropecuaria

Unaudited Business Highlight (Continued)

 

Internet (Continued)

 

During the period ended December 31, 2005, Futuros y Opciones.com S.A. posted income for Ps. 1.4 million, 140% higher than the income for the same period of the previous fiscal year. Net results for the period were a Ps. 0.26 million loss, i.e. 27% higher than the Ps. 0.20 million loss for the same period in fiscal 2005.

 

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Cresud Sociedad Anónima, Comercial,

Inmobiliaria, Financiera y Agropecuaria

Unaudited Business Highlight (Continued)

 

This excerpt taken from the CRESY 6-K filed Nov 21, 2005.

Internet

 

Fyo.com, internet site where the company’s equity interest amounts 70%, maintains its position as leading agriculture site and has started to expand the scope of commercial services for the farming community through the direct sale of inputs and crop brokerage.

 

Actually, Futuros y Opciones.com S.A. has a database of 40,000 users and more than 5,000 farmers entitled to perform deals. Our strategy is focused in commercial services for farmers, using Cresud’s expertise and operative capacity in the business, being FyO the link with the client.

 

During the quarter ended on September 30, 2005, Futuros y Opciones.com S.A.’s income amounted to Ps. 0.7 million, 155% higher than that registered during the same quarter of the previous fiscal year. The net result for the quarter showed a Ps. 0.10 million loss, 24% lower than the Ps. 0.14 million loss registered during fiscal year 2004.

 

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Cresud Sociedad Anónima, Comercial,

Inmobiliaria, Financiera y Agropecuaria

Business Highlight (Continued)

 

This excerpt taken from the CRESY 6-K filed Sep 20, 2005.

INTERNET

 

Fyo.com, the internet site where the Company’s equity interest amounts to 70%, showed during the fiscal year an important increase in its business volume, despite negative results.

 

The company had a 77% increase in its revenues as compared to the previous fiscal year and a 250% growth in the crop brokerage invoicing. This segment’s volume of operations had a 500% growth as compared to the previous fiscal year, despite 35% of these were pending invoicing at the closing of the fiscal year.

 

The drop in agriculture commodities quotations – mainly due to the U.S. record production- from July 2004 to March 2005, affected invoicing per business unit, although the volume of transactions had increase.

 

Regarding agricultural imputs’ sales, net invoicing was similar to the one registered the previous fiscal year, however the company increased the amount of transactions and clients database. This was a consequence of the adopted strategy took by the company to increase their market share consequently, producing a drop in the average margin and sale prices.

 

The portal keeps consolidating as the leading site for the agriculture sector where various private polls have agreed that it is the most visited site by agriculture producers. Currently, it amounts 12,000 visitors per day and keeps consolidating as leading supplier of information for the sector’s market. For the coming season we expect a positive result, with a 42% increase in the volume of operations and 80% increase in the invoicing.

 

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As new businesses, during the current fiscal year we will start offering our clients the possibility to trade in the Buenos Aires and Chicago Futures and Options markets, and keep consolidating our crop trading and input operations.

 

This excerpt taken from the CRESY 6-K filed May 23, 2005.

Internet

 

Fyo.com, internet site where the Company’s equity interest amounts 70%, maintains its position as leading agriculture site and has started to expand the scope of commercial services for the farming community through the direct sale of inputs and crop brokerage.

 

At the present time, Futuros y Opciones.com S.A. has a database of 40,000 users and more than 5,000 farmers entitled to perform deals. Our strategy is focused in commercial services for farmers, using Cresud’s expertise and operative capacity in the business, being FyO the link with the client.

 

During the nine month period ended on March 31, 2005, Futuros y Opciones.com S.A.’s revenues amounted to Ps. 0.8 million, 39.4% higher than that registered during the same period of the previous Fiscal Year. The net result for the period showed a Ps. 0.4 million loss, 31.1% lower than the Ps. 0.5 million loss registered during Fiscal Year 2004.

 

Alejandro G. Elsztain

Second Vice-Chairman

serving as Acting Chairman

 

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Cresud Sociedad Anónima Comercial,

Inmobiliaria, Financiera y Agropecuaria

Unaudited Business Highlight (Continued)

 

This excerpt taken from the CRESY 6-K filed May 20, 2005.

Internet

 

Fyo.com, internet site where the Company’s equity interest amounts 70%, maintains its position as leading agriculture site and has started to expand the scope of commercial services for the farming community through the direct sale of inputs and crop brokerage.

 

At the present time, Futuros y Opciones.com S.A. has a database of 40,000 users and more than 5,000 farmers entitled to perform deals. Our strategy is focused in commercial services for farmers, using Cresud’s expertise and operative capacity in the business, being FyO the link with the client.

 

During the nine month period ended on March 31, 2005, Futuros y Opciones.com S.A.’s revenues amounted to Ps. 0.8 million, 39.4% higher than that registered during the same period of the previous Fiscal Year. The net result for the period showed a Ps. 0.4 million loss, 31.1% lower than the Ps. 0.5 million loss registered during Fiscal Year 2004.

 

Alejandro G. Elsztain

Second Vice-Chairman

serving as Acting Chairman

 

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Cresud Sociedad Anónima Comercial,

Inmobiliaria, Financiera y Agropecuaria

Unaudited Business Highlight (Continued)

 

"Internet" elsewhere:

Deere & Company (DE)
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