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September 14, 2012 11:00 AM ET
Alejandro Elsztain – Second Vice Chairman and CEO
Carlos Blousson – General Manager of Argentina, Bolivia and Paraguay
Matias Gaivironsky – CFO
Pedro Richards – Raymond James
Tom Fryer – Total Charity Wealth
Good morning everyone. And welcome to Cresud’s Fourth Quarter 2012 Results Conference Call. Today’s live webcast both audio and slideshow maybe accessed through Company’s Investor Relations website at www.cresud.com.ar/ir by clicking the banner teleconference. The following presentation and the earnings release issued last week are also available for download on the company’s website. After management’s remarks there will be a question-and-answer session for analysts and investors. At that time further instruction will be given. (Operator Instructions). You will have also the possibility of sending a question via webcast by clicking on the question to host tool.
Before we begin, I would like to remind you that this call is being recorded. And that information discussed today may include forward looking statements regarding the company’s financial and operating performance. Our projects are subject to risks and uncertainties and actual results may differ materially. Please refer to the detailed note in the company’s earnings release regarding forward-looking statements.
I would now turn the call over to Mr. Alejandro Elsztain, Chief Executive Officer of Cresud. Please go ahead sir.
Good morning everybody. Today we are summarizing our fiscal year 2012. And we’re going to begin in page number two, with the main highlights of the year.