For the year ending $30$ June $2016,$ Granite plc reports the following:

$($a$)$ Net profit after tax of $1\mathrm{.}2$ million.

$($b$)$ Granite plc commenced the year with $400,000$ fully paid ordinary shares. During the year the company: $-$ issued $80,000$ fully paid ordinary shares on $1$ November $2015$ at the prevailing market price; $-$ purchased back $50,000$ fully paid ordinary shares on $1$ March $2016$ at the prevailing market price; and $-$ issued $100,000$ partly paid ordinary shares on $1$ June $2016$ at an issue price of $2\mathrm{.}00.$ The shares were partly paid to $1\mathrm{.}00.$ The partly paid shares carry the right to participate in dividends in proportion to the amount paid as a fraction of the issue price.

$($c$)$ For the entire year, Granite plc had $500,0001\mathrm{.}00$ preference shares, which provide dividends at a rate of $10$ per cent per year. The dividend rights are cumulative. The preference shares were disclosed as equity.

REQUIRED Compute the basic earnings per share for Granite plc for $2016.$