The share capital of Tarik Bhd as at 1 January 2018 consisted of 40000000 ordinary shares of RM 40000000. During the year, Tarik Bhd made the following transactions:
- 30 April 2018, Tarik Bhd bought back 10000000 of its shares from the open market at the prevailing market price of RM 8 per share. These shares were held as treasury shares.
- On 30 October 2018, Tarik Bhd sold 6000000 treasury shares in the open market price at an average price of RM 10 per share.
In 2017, Tarik Bhd issued 4000000 units of warrants to bond holders that entitle the holders to subscribe for ordinary shares of the company. Each unit of warrant entitles its holder to one ordinary share at an exercise price of RM 6 per share. As at 31 December 2018, none of the warrants have been exercised. The average market price of Tarik Bhd’s ordinary shares for the year was RM 9 and this can be assumed as their fair value.
The profit after tax for the year ended 31 December 2018 is RM 96000000.
Calculate basic & diluted EPS of Tarik Bhd for the year ended 31 December 2018.
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