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On 1 st January 2020, Oabile Pty Ltd had 3 million ordinary shares in issue. On 1 June 2020, Oabile Pty Ltd offered 1 for

  1. On 1st January 2020, Oabile Pty Ltd had 3 million ordinary shares in issue. On 1 June 2020, Oabile Pty Ltd offered 1 for 3 bonus issue. On 30th September 2020, Oabile Pty Ltd issued additional 1 million shares at full market price. Oabile Pty Ltd made P2,000,000 profit which was attributable to ordinary equity holders, that is for the year ended 31 December 2020.

Calculate the basic earnings per share figure for the year ended 31 December 2020, according to IAS 33 Earnings Per Share? (5)

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