Castel SA has 4,000,000 units ordinary shares outstanding throughout the year until a bonus issue by capitalisation of reserves on 1 September of one new share for four held: no new resources enter the entity. The profit attributable to ordinary equity holders for the year is 3,750,000 (in euros). Calculate the number of shares restated for the bonus issue for the year's calculation, then basic earnings per share. Round earnings per share to two decimals (case convention).
- Shares outstanding before the bonus issue
- 4,000,000
- Profit attributable to ordinary equity holders
- 3,750,000