Delphes SA achieved a profit from continuing operations of 4,500,000 (in euros) attributable to ordinary equity holders and a post-tax profit of 600,000 on a discontinued operation; the weighted average number of shares is 3,000,000 units. A convertible bond existing all year would remove 180,000 of interest after tax against 300,000 units conversion shares, and the dilution test relates to continuing operations. Establish diluted earnings per share of the discontinued operation, then of total profit. Round earnings per share to two decimals (case convention).
- Profit from continuing operations attributable to ordinary equity holders
- 4,500,000
- Post-tax profit of the discontinued operation
- 600,000
- Weighted average number of ordinary shares
- 3,000,000
- Interest on the bond after tax
- 180,000
- Shares issued on conversion
- 300,000