EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

Profit or loss [abstract]

EARNINGS PER SHARE

40 EARNINGS PER SHARE

The calculation of basic and diluted earnings per share is based on the following data:

From continuing operations and discontinued operation

Earnings
	2021		2020			2019
	US$’000		US$’000			US$’000
Profit (loss) for the purpose of basic profit (loss) per share
Net profit (loss) attributable to the shareholders of the Group		118,925		(38,795	)		(43,487	)
Effect of dilutive potential ordinary share		-		-			-
Profit (loss)  for the purposes of diluted profit (loss) per share		118,925		(38,795	)		(43,487	)

Number of shares for the purpose of calculating basic and diluted profit/(loss) per share

	2021		2020			2019
Weighted average number of ordinary shares for the purpose of basic profit/(loss) per share		19,150,787		18,966,414			19,022,665
Effect of dilutive potential ordinary shares due to FSP share awards		861,168		-			-
Weighted average number of ordinary shares for the purpose of diluted profit/(loss) per share		20,011,955		18,966,414			19,022,665
		US$		US$			US$
Basic profit (loss) per share		6.21		(2.05	)		(2.29	)
Diluted profit (loss) per share		5.94		(2.05	)		(2.29	)
The following potential ordinary shares are anti-dilutive and are therefore excluded from the weighted average number of ordinary shares for the purpose of diluted profit (loss) per share:
Number of shares		-		650,333			728,000

These shares granted under the 2018 FSP became dilutive to basic profit (loss) per share in 2021.

From continuing operations

Earnings
	2021		2020			2019
	US$’000		US$’000			US$’000
Profit (loss) for the purpose of basic profit (loss) per share
Net profit (loss) attributable to the shareholders of the Group		118,925		(38,795	)		(43,487	)
Adjustments to exclude loss for the year from discontinued operation		3,165		6,123			16,402
Profit (loss)  from continuing operations for the purpose of basic Profit (loss) per share from continuing operations		122,090		(32,672	)		(27,085	)
Effect of dilutive potential ordinary share		-		-			-
Profit (loss) for the purposes of diluted profit (loss) per share from continuing operations		122,090		(32,672	)		(27,085	)
	US$		US$			US$
Basic profit (loss) per share		6.38		(1.72	)		(1.42	)
Diluted profit (loss) per share		6.10		(1.72	)		(1.42	)

The weighted average number of shares are the same as detailed above for basic and diluted earnings per share from continuing and discontinued operation.

From discontinued operation

	2021			2020			2019
	US$			US$			US$
Basic profit (loss) per share		(0.17	)		(0.33	)		(0.87	)
Diluted profit (loss) per share		(0.16	)		(0.33	)		(0.87	)