IBEX Reports Results for the Second Quarter and the Six Months Ended January 31, 2021 - Seite 2

EBITDA for the three months ended
	January 31, 2021		January 31, 2020
Net earnings (loss)	$248,505		($29,003	)
Depreciation of property, plant, equipment and intangible assets	$42,638		$59,594
Depreciation of right-of-use assets	$51,100		$42,213
Interest – Net	$5,595		$8,182
Income tax expense	$53		-
Earnings (loss) before interest, tax, depreciation and amortization	$347,891		$80,986

FINANCIAL RESULTS FOR THE SIX MONTHS ENDED JANUARY 31, 2021

Revenues for the six months ended January 31, 2021 of $2,477,573 were up $393,972 as compared to $2,083,601 in the same period of the prior year. The increase in revenues traces mainly to changes in quarterly purchasing patterns on the part of several of our major customers.

Operating Expenses at $2,082,955 were up only $34,814, tracing mainly to an increase in revenues and a foreign exchange loss offset by the Canada Emergency Wage Subsidy (CEWS).

This resulted in the Company recording net earnings of $398,571 compared to net earnings of $35,460 for the same period year ago.

As well, the Company recorded EBITDA of $549,321 vs. a $251,587 EBITDA in the same period year ago, explained by the above.

Financial Summary for the six months ended
	January 31, 2021		January 31, 2020
Revenues	$2,477,573		$2,083,601
Earnings before interest, tax, depreciation & amortization (EBITDA)	$594,321		$251,587
Depreciation of property, plant, equipment and intangible assets	$92,606		$118,033
Depreciation of right-of-use assets	$97,028		$84,425
Net earnings	$398,571		$35,460
Earnings per share	0.02		-
EBITDA for the six months ended
	January 31,