Question:

Pearson Ltd is an Australian listed company. Its results for the financial year ending 30 June 2023 have exceeded expectationsprofit before tax is $12 649 220 million, and income tax expense is $2 504 050 million. As of 30 June 2022, there were 13 221 000 million ordinary shares on issue. On 11 May 2023, 4 774 250 million further ordinary shares were issued at a price of $2.99paid to $2.4. The partly paid shares carry rights to dividends in proportion to the amount paid relative to the total issue price.

Required: Calculate the basic EPS for Pearson Ltd for the year ending 30 June 2023.