Calculate the earnings per share for the year ended december

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ABC Plc had 50, 000, 000 ordinary shares in issue. On 1 October 2017 ABC Plc made a rights issue of 1 for every 5 shares held at a price of $1. Ex-rights price was $1.30. The earnings for the year ended 31 December 2016 and 31 December 2017 were $12, 000, 000 and $12, 500, 000 respectively.

Problem i). Calculate the earnings per share for the year ended 31 December 2016 and 31 December 2017.

Reference no: EM132807055

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