KENANGA ANNUAL REPORT 2019

233 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 41. BASIC AND DILUTED EARNINGS PER SHARE Basic and diluted earnings per share amounts are calculated by dividing profit for the financial year attributable to equity holders of the Bank by the weighted average number of ordinary shares in issue during the financial year. Group 2019 2018 Profit for the financial year attributable to equity holders of the Bank (RM’000) 26,386 11,911 Weighted average number of ordinary shares in issue excluding treasury shares (‘000) 698,702 713,185 Effects of dilution (‘000) - 1,566 Adjusted weighted average number of ordinary shares in issue (‘000) 698,702 714,751 Earnings per share (sen) - basic 3.78 1.67 - fully diluted 3.78 1.67 Diluted earnings per share was the same as basic earnings per share as there were no dilutive potential ordinary shares during the financial year ended 31 December 2019.