WASCO BERHAD 270 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 33 EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY The basic earnings per share for the financial year was calculated by dividing the Group’s profit attributable to owners of the Company for the financial year of RM153,045,000 (2023: RM108,402,000) by the weighted average number of ordinary shares in issue, after adjusting for the effects of treasury shares during the financial year. Weighted average number of shares Group 2024 ’000 2023 ’000 Issued ordinary shares at 1 January 774,888 774,888 Effect of treasury shares (577) (577) Weighted average number of ordinary shares in issue 774,311 774,311 Basic/diluted earnings per ordinary share (sen) 19.77 14.00 The effects of (loss)/profit from discontinued operation have no significant impact to the basic/diluted earnings per ordinary share attributable to the owners of the Company. There are no potential ordinary shares issued by the Company, thus there is no dilution in earnings per share. 34 DIVIDENDS On 28 February 2025, the Directors declared a first interim single tier cash dividend of 2.00 sen per share amounting to approximately RM15,498,000 for the financial year ended 31 December 2024. The entitlement date was on 20 March 2025 and was paid on 3 April 2025. This dividend will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 December 2025. The Directors did not declare any dividend for the financial year ended 31 December 2023. Recognition and measurement Dividend distribution to owners of the Company is debited directly to equity and the corresponding liability is recognised in the period in which the dividends are approved. Liability is recognised for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of the Group, on or before the end of the reporting period but not distributed at the end of the reporting period.
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