4.3.11Earnings/(Loss) Per Share
The basic earnings per share for the year amounted to US$ 1.04 (2017: US$ (0.76)); the fully diluted earnings per share amounted to US$ 1.04 (2017: US$ (0.76)).
Basic earnings / (loss) per share amounts are calculated by dividing net profit / (loss) for the year attributable to shareholders of the Company by the weighted average number of shares outstanding during the year.
Diluted earnings / (loss) per share amounts are calculated by dividing the net profit / loss attributable to shareholders of the Company by the weighted average number of shares outstanding during the year plus the weighted average number of shares that would be issued on the conversion of all the dilutive potential shares into ordinary shares.
The following reflects the share data used in the basic and diluted earnings per share computations:
Earnings per share
|
2018 |
2017 |
|
|---|---|---|
|
Earnings attributable to shareholders (in thousands of US$) |
212,045 |
(155,122) |
|
Number of shares outstanding at January 1 (excluding treasury shares) |
203,417,031 |
202,042,126 |
|
Average number of treasury shares transferred to employee share programs |
853,579 |
807,161 |
|
Weighted average number of shares outstanding |
204,270,610 |
202,849,287 |
|
Potential dilutive shares from stock option scheme and other share-based payments |
34,813 |
- |
|
Weighted average number of shares (diluted) |
204,305,423 |
202,849,287 |
|
Basic earnings per share |
US$ 1.04 |
US$ (0.76) |
|
Fully diluted earnings per share |
US$ 1.04 |
US$ (0.76) |
There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of completion of these financial statements, except for issuing of Value Creation Stake shares for the Management Board and matching shares for the Company's Senior Management (see note 4.3.6 Employee Benefit Expenses).