Dagang NeXchange Berhad Annual Report 2018

25. EARNINGS PER ORDINARY SHARE Basic earnings per ordinary share The calculation of basic earnings per ordinary share at 31 December 2018 was based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding calculated as follows: Group 2018 2017 Profit for the year attributable to owners of the Company (RM’000) 35,345 56,599 Group 2018 2017 Weighted average number of ordinary shares (in’000): Ordinary shares at 1 January 1,755,372 1,732,892 Effect of new ordinary shares issued 1,954 14,377 1,757,326 1,747,269 Basic earnings per ordinary share (sen) 2.01 3.24 Diluted earnings per ordinary share Group 2018 2017 Profit for the year attributable to owners of the Company for diluted earnings per ordinary share computation (RM’000) 35,345 56,599 Weighted average number of ordinary shares for basic earnings per ordinary share (in’000) 1,757,326 1,747,269 Shares deemed to be issued for no consideration: - exercise of Warrants* - - - exercise of share options 15,080 24,123 Weighted average number of ordinary shares for diluted earnings per ordinary share computation 1,772,406 1,771,392 Diluted earnings per ordinary share (sen) 1.99 3.20 * The potential conversion of Warrants is anti-dilutive as its exercise price is higher than the average market price of the Company’s ordinary shares during the current financial year. Accordingly, the exercise of Warrants has been ignored in the calculation of dilutive earnings per ordinary share. 154 Dagang NeXchange Berhad Annual Report 2018 Notes to the Financial Statements (CONTINUED)