Sinbad Plc had the same 20 million ordinary shares in issue on both 1 January 2017
and 31 December 2017. On 1 January 2017, the company issued 2 400 000 N$1 units of 10% convertible loan stock. Each unit of stock is convertible into 8 ordinary shares on 1st January 2025 at the option of the holder. The following is the extract from Sinbad’s plc statement of profit or loss and other comprehensive income accounts for the year ended 31 December 2017.

Required
What is the basic and diluted earnings per share for the year ended 31 December 2017