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:

	2020	2019
Earnings (AED):
Net profit for the year	10,885,879	16,166,174
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	0.09	0.14

 

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