Kimlun Corporation Berhad Annual Report 2018

11. Earnings per share (a) Basic earnings per share Basic earnings per share amounts are calculated by dividing profit attributable to owners of the Company by the weighted average number of ordinary shares in issue during the financial year. The following reflect the profit and share data used in the computation of basic earnings per share for the years ended 31 December: Group 2018 2017 Profit net of tax attributable to owners of the Company (RM) 61,138,672 68,483,747 Weighted average number of ordinary shares in issue 325,092,975 314,115,644 Basic earnings per share (sen) 18.81 21.80 (b) Diluted earnings per share Diluted earnings per share amounts are calculated by dividing profit attributable to owners of the Company by the weighted average number of ordinary shares in issue during the financial year plus the weighted average number of ordinary shares that would be issued on the conversion of all dilutive potential ordinary shares from exercise of the warrants. Dilutive potential ordinary shares are deemed to have been converted at the beginning of the financial year or, if later, the date of the issue of the potential ordinary shares. The following reflect the profit and share data used in the computation of diluted earnings per share for the years ended 31 December: Group 2018 2017 Profit net of tax attributable to owners of the Company (RM) 61,138,672 68,483,747 Weighted average number of ordinary shares in issue 325,092,975 314,115,644 Effect of dilution of potential exercise of warrants - 14,986,679 325,092,975 329,102,323 Diluted earnings per share (sen) 18.81 20.81 Annual Report 2018 94 For the financial year ended 31 December 2018 (cont’d) NOTES TO THE FINANCIAL STATEMENTS