R millions	Audited Annual 30 June 2018	Audited Annual 30 June 2017
Continuing operations
Revenue	21 847	21 397
– Continuing operations excluding Middle East	21 379	20 789
– Middle East	468	608
Profit before interest, depreciation and amortisation	1 331	963
Depreciation	(429)	(431)
Amortisation of intangible assets	(38)	(45)
Profit before interest and taxation (note 2)	864	487
– Continuing operations excluding Middle East	898	1 055
– Middle East	(34)	(568)
Net interest expense	(41)	(42)
Profit before taxation	823	445
Taxation	(298)	(161)
Profit after taxation	525	284
Income from equity accounted investments	21	7
Profit from continuing operations	546	291
Loss from discontinued operations (note 3)	(278)	(253)
Profit for the year	268	38
Attributable to:
– Owners of Murray & Roberts Holdings Limited	267	48
– Non-controlling interests	1	(10)
	268	38
Earnings per share from continuing and discontinued operations (cents)
– Diluted	66	12
– Basic	67	12
Earnings per share from continuing operations (cents)
– Diluted	134	74
– Basic	137	76
Supplementary information
Net asset value per share (Rands)	15	15
Dividends per share (cents)	50	45
Number of ordinary shares in issue (’000)	444 736	444 736
Reconciliation of weighted average number of shares in issue (’000)
Weighted average number of ordinary shares in issue	444 736	444 736
Less: Weighted average number of shares held by The Murray & Roberts Trust	(5)	(30)
Less: Weighted average number of shares held by the Letsema BBBEE trusts	(31 696)	(31 697)
Less: Weighted average number of shares held by the subsidiary companies	(14 893)	(15 373)
Weighted average number of shares used for basic per share calculation	398 142	397 636
Add: Dilutive adjustment	7 803	8 013
Weighted average number of shares used for diluted per share calculation	405 945	405 649
Earnings per share from continuing operations (cents)
– Diluted	134	74
– Adjusted diluted earnings per share excluding Middle East	142	214
– Diluted earnings per share contributed by Middle East	(8)	(140)
– Basic	13	76
– Adjusted basic earnings per share excluding Middle East	145	218
– Basic earnings per share contributed by Middle East	(8)	(142)
Headline earnings per share from continuing and discontinued operations (cents) (note 4)
– Diluted	46	26
– Basic	47	27
Headline earnings per share from continuing operations (cents) (note 4)
– Diluted	112	72
– Adjusted diluted headline earnings per share excluding Middle East	120	212
– Diluted headline earnings per share contributed by Middle East	(8)	(140)
– Basic	114	74
– Adjusted basic headline earnings per share excluding Middle East	122	216
– Basic headline earnings per share contributed by Middle East	(8)	(142)