EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 100 notes to the financial statements 31 december 2019 (cont’d) 29. Earnings Per Share (Cont’d) (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 2019 2018 RM RM Profit attributable to owners of the parent 6,471,450 6,657,362 Weighted average number of ordinary shares in issue used in the calculation of basic earnings per share 467,507,198 414,349,347 Effect of conversion of warrants - 205,822,312 467,507,198 620,171,659 Diluted earnings per ordinary share (in sen) 1.38 1.07 30. Dividends Group and Company 2019 2018 RM RM Dividends recognised as distribution to ordinary shareholders of the Company: In respect of the financial year ended 31 December 2019 - First interim single-tier dividend of 0.50 sen per ordinary share, paid on 19 September 2019 3,076,892 - - Second interim single-tier dividend of 0.50 sen per ordinary share, paid on 18 December 2019 2,951,892 - In respect of the financial year ended 31 December 2018 - First interim single-tier dividend of 0.75 sen per ordinary share, paid on 28 September 2018 - 3,108,615 - Second interim single-tier dividend of 0.75 sen per ordinary share, paid on 20 December 2018 - 3,108,615 6,028,784 6,217,230 The Board of Directors does not recommend any final dividend in respect of the current financial year.