16. Earnings per share

The earnings per share calculation uses the weighted average number of shares in issue during the year.  There were no dilutive instruments during the period (2022: nil).

 

2023

 

2022

Basic and diluted earnings per share

£0.27

 

£1.26

Profit for the year (‘000)

£47,488

 

£222,960

Weighted average number of shares in issue (‘000)

176,418

 

177,518

 

The Company’s diluted earnings per share equals the basic earnings per share.