Calculate mans earnings per share for the year ended march

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Reference no: EM131967290

Problem

The issued share capital of Man a quoted company, on 1 April 2014 consisted of 36,000,000 ordinary shares of 75 cents each. On 1 October 2014 the company made a rights issue of 1 for 6 at $1.46 per share. The market value of Man ordinary shares was $1.66 before announcing the rights issue. Tax is charged at 30% of profits. Man reported a profit after taxation of $4.2 million for the year ended 31 March 2015 and $3.6 million for the year ended 31 March 2014. The published figure for earnings per share for the year ended 31 March 2014 was 10 cents per share.

Required:

Calculate Man's earnings per share for the year ended 31 March 2015 and the comparative figure for the year ended 31 March 2014.

Reference no: EM131967290

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