Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 34 EARNINGS/(LOSS) 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 profit attributable to owners of the Company for the financial year of RM108,402,000 (2022: loss of RM6,300,000) by the weighted average number of ordinary shares in issue, after adjusting on the effects of treasury shares during the financial year. Weighted average number of shares Group 2023 2022 ’000 ’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/(loss) per ordinary share (sen) 14.00 (0.81) As there are no potential ordinary shares issued by the Company, thus there is no dilution in earnings per share. 35 DIVIDENDS There were no dividends paid or declared in respect of the financial year ended 31 December 2023 and 31 December 2022. 36 DISPOSAL OF A SUBSIDIARY On 1 April 2023, Wasco Coatings Limited, an indirect wholly-owned subsidiary of the Company disposed 455,000 ordinary shares, representing 91% equity interest in Wasco Infra Services Sdn. Bhd. (“WIS”), an indirect 91% owned subsidiary of the Company for a total cash consideration of RM200,000. Accordingly, WIS and its subsidiary, Eco Consortium Sdn. Bhd. ceased to be subsidiaries of the Company. Integrated Annual Report 2023 260
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