11. Earnings per share

The earnings per share calculation uses the weighted average number of shares in issue during the period. There were no dilutive instruments during the period (2023: nil).

6 months ended 30 June 2024

6 months ended 30 June 2023

Basic and diluted earnings per share

£0.26

£0.03

Profit for the period (’000)

£45,939

£5,397

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.