24. Earnings per Share
|
|
Year Ended December 31 |
||||
|---|---|---|---|---|---|---|
(in thousands of $ except for shares and EPS) |
|
2024 |
|
2023 |
|
2022 |
Profit/(Loss) for the period |
|
833,040 |
|
(295,053) |
|
(709,594) |
Weighted average number of shares outstanding |
|
59,855,585 |
|
57,169,253 |
|
54,381,371 |
Basic profit/(loss) per share (in $) |
|
13.92 |
|
(5.16) |
|
(13.05) |
Weighted average number of shares for purpose of diluted profit/(loss) per share |
|
65,177,815 |
|
57,169,253 |
|
54,381,371 |
Diluted profit/(loss) per share (in $) |
|
12.78 |
|
(5.16) |
|
(13.05) |
Profit/(loss) per ordinary share is calculated by dividing the profit/(loss) for the period by the weighted average number of ordinary shares during the year. Diluted profit/(loss) per share is calculated by adjusting the weighted average number of shares by in the money outstanding dilutive stock options and RSUs.
As the Company reported a net loss in 2023 and 2022, stock options and RSUs have an anti-dilutive effect rather than a dilutive effect. As such, there is no difference between basic and diluted loss per ordinary share for those periods.