30. Earnings per share
Basic earnings per share, equal to €0.25 (€0.35 per share in 2015), are calculated by dividing the net profit attributable to Snam (€861 million; €1,238 million in 2015) by the weighted average number of Snam shares outstanding during the year, excluding treasury shares (3,470,733,114 shares; 3,499,511,044 shares in 2015).
As at 31 December 2015 and 31 December 2016 there were no potential issues with dilutive effects on the results, therefore, in the years under consideration, basic earnings per share are the same as diluted earnings per share.
Reconciliation of basic and diluted earnings per share
The reconciliation of the weighted average number of outstanding shares used to determine basic and diluted earnings per share is set out below:
| Download XLS (17 kB) |
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31.12.2015 |
31.12.2016 |
Weighted average number of outstanding shares used to calculate basic earnings and diluted earnings |
3,499,511,044 |
3,470,733,114 |
Net profit attributable to Snam (€ million) |
1,238 |
861 |
Basic earnings and diluted earnings per share (€ per share) |
0.35 |
0.25 |
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Net profit attributable to Snam – continuing operations (€ million) |
796 |
591 |
Basic and diluted earnings per share |
0.23 |
0.17 |
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|
|
Net profit attributable to Snam – discontinued operations (€ million) |
442 |
270 |
Basic and diluted earnings per share |
0.12 |
0.08 |