Cresud Inc. (Nasdaq:CRESY) announces results for Fiscal Year 2011 Ended June 30, 2011. Net income increased 14.6% to Ps. 212.6 million.Operating income rose 23.9% to Ps. 727.1 million.Operating income from the Agribusiness Segment amounted to Ps. 168.3 million, increasing 177.9% as compared to the previous year. The Argentine agribusiness industry saw improvements in the amount of tons produced per hectare, beef cattle prices and dairy margins.

Cresud Inc. engages in the production of basic agricultural commodities in Brazil and other Latin American countries.

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