Annual Report 2024

223 2024 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 10 Earnings per share (a) Reported earnings per share The calculations of basic and diluted earnings per share are based on the profit attributable to equity shareholders of the Company of $187,282,000 (2023: $401,663,000) and the weighted average number of ordinary shares in issue during the year, calculated as follows: 2024 2023 Issued ordinary shares at 1 January 494,343,118 474,940,075 Effect of shares issued in respect of scrip dividend 7,438,261 7,595,665 Weighted average number of ordinary shares at 31 December 501,781,379 482,535,740 Diluted earnings per share were the same as the basic earnings per share as there were no dilutive potential ordinary shares during the year. Share options were excluded from the diluted weighted average number of ordinary shares calculation because their effect would have been anti-dilutive. (b) Underlying earnings per share For the purpose of assessing the underlying performance of the Group, basic and diluted underlying earnings per share are additionally calculated based on the underlying profit attributable to equity shareholders of the Company of HK$265,482,000 (2023: HK$114,283,000), which excluded the effect of the change in fair value of investment properties and investment property under development. A reconciliation of profit is as follows: 2024 2023 $’000 $’000 Profit attributable to equity shareholders as shown in the consolidated statement of profit or loss 187,282 401,663 Change in fair value of investment properties and investment property under development 78,200 (287,380) Underlying profit attributable to equity shareholders 265,482 114,283 11 Dividends (a) Dividends paid/payable to equity shareholders of the Company attributable to the year 2024 2023 Per share Total Per share Total $ $’000 $ $’000 Interim dividend declared and paid – – 0.30 146,074 Final dividend proposed after the end of the reporting period 0.50 254,451 0.50 247,172 0.50 254,451 0.80 393,246 The final dividend proposed after the end of the reporting period has not been recognised as a liability at the end of the reporting period. The interim dividend with a scrip dividend alternative in respect of the six months ended 30 June 2023 was paid on 18 October 2023, of which $74,360,000 was settled by the issuance of 7,428,592 shares at an issue price of $10.01 per share under the scrip dividend scheme.