Chawan June 2015

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August 5, 2024 at 8:14 pm #709202
rouquinblanc
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This may well be a beginners question, but the EPS calculation seem to suggest: profit/(number of shares issues * par value of the share) however the EPS calculation is profit over number of shares in issue.

My calculation for 20×2 160/300
BPP is 160/300*0.5

Many thanks
August 6, 2024 at 2:56 pm #709219
John Moffat
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I do not know what BPP have done because I am away from home until tomorrow.

However the correct calculation is as follows:

There are 300/0.5 = 600 shares. So the EPS is 160/600 = 0.27

(And this is also the same as the examiners answer 🙂 )
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