4.3.11Earnings/(Loss) Per Share
The basic earnings per share for the year amounts to US$0.84 (2023: US$2.74), and the fully diluted earnings per share amounts to US$0.83 (2023: US$2.70). Basic earnings/(loss) per share amounts are calculated by dividing net profit/(loss) for the period attributable to shareholders of the Company by the weighted average number of shares outstanding (shares issued and fully paid excluding treasury shares) during the period.
Diluted earnings/(loss) per share amounts are calculated by dividing the net profit/(loss) attributable to shareholders of the Company by the weighted average number of shares outstanding during the period plus the weighted average number of shares that would be issued on the conversion of all the potential dilutive shares into ordinary shares.
The following reflects the share data used in the basic and diluted earnings per share computations:
Earnings per share
2024 | 2023 | |
|---|---|---|
Earnings attributable to shareholders (in thousands of US$) | 150,061 | 490,821 |
Number of shares outstanding at January 1 | 179,019,227 | 178,054,655 |
Average number of treasury shares transferred to employee share programs | 1,448,155 | 1,225,505 |
Average number of shares repurchased / cancelled | (1,817,660) | (45,044) |
Weighted average number of shares outstanding | 178,649,722 | 179,235,116 |
Potential dilutive shares from stock option scheme and other share-based payments | 2,364,009 | 2,269,314 |
Weighted average number of shares (diluted) | 181,013,731 | 181,504,430 |
Basic earnings per share in US$ | 0.84 | 2.74 |
Fully diluted earnings per share in US$ | 0.83 | 2.70 |
There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of authorization for issue of these financial statements, except for the issuance of Value Creation Stake shares for the Management Board, Ownership Shares for the Company’s senior management and the Matching Shares and RSUs that have vested on January 1, 2025 (see note 4.3.6 Employee Benefit Expenses).