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IMBALIE BEAUTY LIMITED - Reviewed Provisional Condensed Consolidated Financial Statements for the year Ended 29 February 2020

Release Date: 07/08/2020 16:30
Code(s): ILE     PDF:  
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Reviewed Provisional Condensed Consolidated Financial Statements for the year Ended 29 February 2020

"Imbalie Beauty” or “the Company” or “the Group”
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
JSE code: ILE
ISIN: ZAE000165239
Short-form announcement: reviewed provisional condensed consolidated financial
results for the year-ended 29 February 2020


                                    29 February 2020      28 February 2019     Percentage
                                                 R’000               R’000

Revenue                                         33 578              41 809        (19.7)%

Basic loss per share (cents)                     (0.16)              (0.24)         33.3%

Headline loss per share (cents)                  (0.27)              (0.24)       (12.5)%

Net asset value per share                          2.84               3.03        (6.27)%

Note: No dividends were declared during the year ended 29 February 2020.
Revenue decreased by 19.7% to R33.6 million with gross profit decreasing by 9.0% to
R23.4 million. Gross profit margins increased to 69.7% and operating costs decreased by
19.6% to R24 million.
Loss per share decreased to a loss of 0.16 cents and the headline loss per share increased
to 0.27 cents.
An independent best estimate valuation was performed by a property expert on the Group’s
property and was valued at R13.5 million which led to a revaluation deficit of R438 000 (net
of taxation). The Company entered into an agreement on 31 July 2020 to conclude the
disposal of its property-owning company.
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
Any investment decision should be based on the full announcement accessible from Friday,
7 August 2020, via the JSE link and also available on the Company’s website at
The JSE link is as follows:

7 August 2020

Designated Adviser
Exchange Sponsors

Date: 07-08-2020 04:30:00
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