IMBALIE BEAUTY LIMITED - Short form announcement: Unaudited financial results for the six months ended 31 August 2020

Short form announcement: Unaudited financial results for the  six months ended 31 August 2020

IMBALIE BEAUTY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
JSE code: ILE
ISIN: ZAE000165239
("Imbalie Beauty” or “the Company" or “the Group”)

SHORT-FORM ANNOUNCEMENT: UNAUDITED FINANCIAL RESULTS FOR THE SIX
MONTHS ENDED 31 AUGUST 2020

FINANCIAL HIGHLIGHTS

                                         31 August 2020     31 August 2019
                                                                            Change
                                                 R’000               R’000
   Revenue                                        7 646             18 375 (58.4%)
   Basic loss per share (cents)                   (0.20)             (0.02) >100%
   Headline loss per share (cents)                (0.20)             (0.02) >100%

The Group’s revenue decreased by 58.4% to R7.6 million and gross profit decreased by 57.6%
to R5.6 million and gross profit margins increased to 73.4%.

Operating expenses decreased by 33.1% to R8.2 million due to the receipt of UIF TERS re-
imbursements, minimal travelling, reduced marketing and a reduction in other operational costs
as well as a hand of relief received from suppliers.

Loss per share decreased to a loss of 0.20 cents and the headline loss per share decreased to
0.20 cents.

SHORT-FORM STATEMENT

This short-form announcement is the responsibility of the directors. It is only a summary of the
information contained in the full announcement and does not contain full or complete details.

Any investment decision should be based on the full announcement accessible from Monday,
30 November 2020, via the JSE link and also available on the Company’s website at
www.imbaliebeauty.co.za.

Copies of the full announcement may also be requested by contacting Esna Colyn by email at
esna@imbaliebeauty.co.za and are available for inspection at the Company’s registered office
at no charge, weekdays during office hours.

The JSE link is as follows:
https://senspdf.jse.co.za/documents/2020/jse/isse/ile/int2020.pdf

30 November 2020
Woodmead

Designated adviser
Exchange Sponsors

Date: 01-12-2020 07:30:00
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