EXCEL FORCE MSC BERHAD Annual Report 2017

95 24. Earnings Per Share (a) Basic earnings per share The basic earnings per share are calculated based on the consolidated profit for the financial year attributable to the owners of the parent and the weighted average number of ordinary shares in issue during the financial year as follows: Group 2017 2016 RM RM Profit attributable to owners of the parent 6,323,258 5,629,762 Weighted average number of ordinary shares in issue: Issued ordinary shares at beginning of financial year 206,865,975 206,865,975 Effect of ordinary shares issued pursuant to Share Split 206,865,975 206,865,975 413,731,950 413,731,950 Basic earnings per ordinary share (in sen) 1.53 1.36 # The weighted average number of ordinary shares in issue for the previous financial year has been restated to reflect the retrospective adjustment arising from the Share Split which was completed during the financial year ended 31 December 2017. (b) Diluted earnings per share Diluted earnings per share are calculated based on the adjusted consolidated profit for the financial year attributable to the owners of the parent and the weighted average number of ordinary shares in issue during the financial year have been adjusted for the dilutive effects of all potential ordinary shares as follows: Group 2017 2016 RM RM Profit attributable to owners of the parent 6,323,258 5,629,762 Weighted average number of ordinary shares in issue 413,731,950 413,731,950 Effect of conversion of warrants 144,118,438 123,495,424 557,850,388 537,227,374 Diluted earnings per ordinary share (in sen) 1.13 1.05 ^ The weighted average number of ordinary shares in issue for the previous financial year has been restated to reflect the effects of full conversion of warrants pursuant to the Share Split which was completed during the financial year ended 31 December 2017. # # # ^ ^ Notes To The Financial Statements 31 December 2017 (cont’d)