257 F INANC IAL Statements Sect ion 05 Annual Report 2022 NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 47. EARNINGS PER SHARE (a) Basic earnings per share The basic earnings per share for the financial year has been calculated based on the net profit attributable to ordinary equity holders of the Company divided by the weighted average number of ordinary shares in issue. Group 2022 2021 Net profit attributable to ordinary shares (RM’000) 95,252 30,596 Weighted average number of ordinary shares in issue (‘000) 1,288,823 1,168,044 Basic earnings per share (sen) 7.39 2.62 (b) Diluted earnings per share For the purpose of calculating diluted earnings per share, the profit attributable to owners of the Company for the year and the weighted average number of ordinary shares issued during the financial year has been adjusted for the dilutive effects of all potential ordinary shares such as the LTIP granted to employees. Group 2022 2021 Net profit attributable to ordinary shares (RM’000) 95,252 30,596 Weighted average number of ordinary shares in issue (‘000) 1,288,823 1,168,044 Adjustment for LTIP (‘000) 3,387 2,828 Weighted average number of ordinary shares for diluted earnings per share (‘000) 1,292,210 1,170,872 Diluted earnings per share (sen) 7.37 2.61 48. SEGMENTAL INFORMATION For management purposes, the Group is organised into business units based on their products and services, and has reportable segment as follows: (i) The environment sector provides water supply services, operate water and wastewater treatment plants and provide specialised services in the management and optimisation of water utility assets. In this sector, the Group has been granted exclusive license (on a 3-year term, renewable for successive 3-year terms on a rollover basis) by the Minister of Energy, Green Technology and Water, Malaysia to provide source-to-tap water supply services to end customers in the entire state of Johor, Malaysia. In addition, the Group also has various water and wastewater concessions in relation to water treatment and wastewater treatment plants outside Malaysia.
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