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7. Earnings per Share


Basic earnings per share are calculated by dividing the profit/loss for the year attributable to equity holders of the parent company by the weighted average number of ordinary shares outstanding during the year.

No option or conversion rights were issued in 2007 or in 2006; as a result, earnings per share were not diluted. Therefore, the diluted and basic results are the same.


2006 2007
Diluted earnings per share –1.08 0.82
Basic earnings per share –1.08 0.82



Weighted average number
of ordinary shares
(in thousands)
83,066 118,173