For the year, the profit attributable to the parent of Sabaudia SA is 2,090,000 (in euros) before preference dividends. The preference shares, classified as equity, gave rise to declared dividends of 250,000, net of any tax effect; dividends of 180,000 were also declared on the ordinary shares. The weighted average number of ordinary shares is 1,600,000 units. Calculate the profit attributable to ordinary equity holders, then basic earnings per share. Round earnings per share to two decimals (case convention).
- Profit attributable to the parent before preference dividends
- 2,090,000
- Preference dividends declared, after tax
- 250,000
- Weighted average number of ordinary shares
- 1,600,000