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 (2023: nil).

2024

2023

Basic and diluted earnings per share

£0.15

£0.27

Profit for the year (‘000)

£26,856

£47,488

Weighted average number of shares in issue (‘000)

176,418

176,418

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