GA had 5 million $1 ordinary shares in issue at 1 May 2008. On 30 September 2008

Question:

GA had 5 million $1 ordinary shares in issue at 1 May 2008. On 30 September 2008 GA issued a further 2 million $1 ordinary shares at par. Profit before tax for the year ended 30 April 2009 was $ 650 000 and the related income tax charge was $210 000.
Required:
Calculate the basis earnings per share for GA for the period to 30 April 2009.