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Problem - P Ltd is an Australian listed company. Its results for the ?nancial year ending 30 June 2019 have exceeded expectations-profit before tax is $5.597 million and income tax expense is $1.847 million. As at 30 June 2018, there were 9.75 million ordinary shares on issue. On 11, May, 2019, 3.25 million further ordinary shares were issued at a price of $2.30-paid to $2.00. 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 P Ltd for the year ending 30 June 2019.
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