Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2024

23)	EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income attributable to ordinary equity holders of the Parent Company (the numerator) by the weighted average number of shares outstanding (the denominator) during the period. Shares that would be issued depending only on the passage of time should be included in the determination of the basic weighted average number of shares outstanding. Diluted earnings per share should reflect in both the numerator and denominator the assumption that convertible instruments are converted, that options or warrants are exercised, or that ordinary shares are issued upon the satisfaction of specified conditions, to the extent that such assumption would lead to a reduction in basic earnings per share or an increase in basic loss per share. Otherwise, the effects of potential shares are not considered because they generate anti-dilution.

The amounts considered for calculations of earnings per share in 2024, 2023 and 2022 were as follows:


		2024		2023		2022

Denominator (thousands of shares)
Weighted-average number of shares outstanding – basic			43,405,354		43,510,758		43,554,921
Effect of dilutive instruments – share-based compensation (note 22) 1			660,298		599,229		793,322

Weighted-average number of shares – diluted			44,065,652		44,109,987		44,348,243

Numerator
Net income from continuing operations	$		913		119		402
Less: non-controlling interest net income			21		17		27

Controlling interest net income from continuing operations	$		892		102		375

Net income from discontinued operations	$		47		80		483

Basic earnings per share
Controlling interest basic earnings per share	$		0.0217		0.0042		0.0197
Controlling interest basic earnings per share from continuing operations			0.0206		0.0023		0.0086
Controlling interest basic earnings per share from discontinued operations			0.0011		0.0018		0.0111

Controlling interest diluted earnings per share
Controlling interest diluted earnings per share	$		0.0213		0.0041		0.0193
Controlling interest diluted earnings per share from continuing operations			0.0202		0.0023		0.0085
Controlling interest diluted earnings per share from discontinued operations			0.0011		0.0018		0.0109

1	Number of the Parent Company’s shares to be potentially issued under the Share-Based Compensation Programs, equivalent to 220.1 million CPOs or 22.01 million ADSs.