In its financial statements for year N, Lumière SA presents year N-1 as a comparative, for which it had published basic earnings per share of 0.15: profit attributable to ordinary equity holders of 1,800,000 (in euros) and 12,000,000 units shares outstanding throughout the year. During year N the entity carried out a reverse share split of one new share for four old ones. For the N-1 comparative, calculate the restated number of shares and then the restated basic earnings per share. Round earnings per share to two decimals (case convention).
- N-1 shares before the consolidation
- 12,000,000
- Profit attributable to ordinary equity holders of N-1
- 1,800,000