NOTES TO FINANCIAL STATEMENT

Earnings per share are calculated by dividing the profit for the year by the weighted average number of ordinary shares outstanding during the year as follows:

	2019	2018
Earnings (AED):
Net profit for the year	16,166,174	10,643,090
Number of shares:
Weighted average number of ordinary shares for the purpose of earnings per share	118,780,500	118,780,500
Earnings per share (AED):
Basic and diluted	0.14	0.09

 

The Company does not have potentially diluted shares and accordingly, diluted earnings per share equals basic earnings per share.