EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 16 – EARNINGS PER SHARE

Basic earnings per share are computed by dividing income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the period.

Diluted earnings per ordinary share reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated:

	December 31,
	2020		2019		2018
Net income attribute to the Company	$	11,075,863	$	11,089,170	$	10,379,453
Weighted average ordinary shares outstanding - basic and diluted		19,791,110		19,791,110		19,791,110
Basic and diluted earnings per share	$	0.56	$	0.56	$	0.52