Argentina-based producer of agricultural products Cresud S.A.C.I.F. y A. has posted mixed financial results for the first nine months of fiscal 2007 ended March 31, as profits surged but sales fell.

Net profit for the period reached Ps36.7 million ($11.9 million) from the Ps23.4 million reported for the same period in the previous year. This significant increase was attributed to a 251% increase in results from its ownership interests in related companies. Gross profit improved to Ps23.5 million from Ps15.7 million.

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