Frontken Berhad Annual Report 2020

Annual Report 2020 92 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 10. EARNINGS PER SHARE Basic earnings per share is calculated by dividing profit after taxation attributable to owners of the Company by the weighted average number of ordinary shares in issue during the financial year. The Group 2020 2019 Profit after taxation attributable to owners of the Company (RM) 81,967,529 69,170,350 Number of shares in issue as of 1 January 1,053,435,130 1,053,435,130 Effects of: Treasury shares acquired (5,466,600) (5,466,600) Weighted average number of ordinary shares for basic earnings per share computation as of 31 December 1,047,968,530 1,047,968,530 Basic earnings per ordinary share attributable to equity holders of the Company (sen) 7.82 6.60 The Group has not issued any dilutive potential ordinary shares and hence, the diluted earnings per share is equal to the basic earnings per share.