Wah Seong Corporation Berhad Annual Report 2020

171 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 35 (LOSS)/EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY The basic earnings per share for the financial year has been calculated by dividing the Group’s loss attributable to owners of the Company for the financial year of RM295,149,000 (2019: profit of RM24,136,000) by the weighted average number of ordinary shares in issue, after adjusting for movements in treasury shares during the financial year. Weighted average number of shares Group 2020 2019 ’000 ’000 Issued ordinary shares at 1 January 774,888 774,888 Effect of shares repurchased (1,608) (4,427) Weighted average number of ordinary shares in issue 773,280 770,461 Basic earnings per ordinary share (sen) (38.17) 3.13 As there are no potential ordinary shares issued by the Company, thus there is no dilution in earnings per share. 36 DIVIDENDS Group and Company 2020 2019 RM’000 RM’000 In respect of financial year ended 31 December 2020: 1 st interim single tier cash dividend of 0.40 sen per share and share dividend of 0.60 sen per share (*), both paid on 8 April 2020 7,237 - (*) The share dividend distributed from the treasury shares of the Company was made on the basis of one (1) WSC treasury share for every two hundred (200) existing WSC ordinary shares held at the entitlement date on 12 March 2020, based on the share price of WSC shares of RM1.20 each as at 31 December 2019. There were no dividends paid or declared in respect of the financial year ended 31 December 2019.