7. Earnings per share
 |
2020 |
2019 (restated) |
Number of shares at 1.1. |
5,349,810 |
5,349,810 |
Number of shares at 31.12. |
5,349,810 |
5,349,810 |
Average number of shares |
5,349,810 |
5,349,810 |
Net profit in CHF 000s |
188,392 |
194,995 |
Earnings per share (in CHF) |
35.21 |
36.45 |
Earnings per share is calculated by dividing the net profit attributable to the shareholders of Emmi AG by the average number of shares outstanding. There are no treasury shares that need to be considered in the calculation of the average number of shares outstanding.
Earnings per share of CHF 35.21 include the loss on the sale of the majority stake in Lácteos Caprinos S.A. By excluding this non-recurring effect, earnings per share amounted to CHF 37.86.