GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 102 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 10. EARNINGS PER SHARE (cont’d) (b) Diluted Diluted earnings per ordinary share for the financial year is calculated by dividing the profit for the financial year attributable to equity holders of the parent by the weighted average number of ordinary shares outstanding (excluding treasury shares) during the financial year adjusted for the effects of dilutive potential ordinary shares. Group 2019 2018 Profit for the financial year attributable to equity holders of the parent (RM) 28,724,053 24,542,974 Weighted average number of ordinary shares in issue applicable to basic earnings per ordinary share 742,097,707 703,160,497 Effect of dilution: - ESS 2,685,786 4,086,124 Adjusted weighted average number of ordinary shares applicable to diluted earnings per ordinary share 744,783,493 707,246,621 Diluted earnings per ordinary share (sen) 3.86 3.47 11. DIVIDENDS No dividend has been proposed, declared or paid by the Company since the end of the previous financial year. The Directors do not recommend payment of any dividend in respect of the current financial year.