Investor Relations
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Note 11 - Earnings per share

  Group
  2006/07 2007/08 2008/09
Profit/loss for the year  159,527 96,468 – 42,940
       
Base for calculation of earnings per share before dilution  159,527 96,468 – 42,940
Average number of shares before dilution  28,017,400 29,153,466 29,337,400
Earnings per share before dilution  5.69 3.31 – 1.46
       
Base for calculation of profit per share after dilution  159,527 96,468 – 42,940
Average number of shares after dilution  29,138,829 29,153,466 29,337,400
Earnings per share after dilution 5.47 3.31 – 1.46
       
Calculation of average number of shares Group
  2006/07 2007/08 2008/09
Opening number of shares on May 1  28,017,400 28,017,400 29,337,400
New share issue, June 2007  1,320,000
Closing number of shares on April 30  28,017,400 29,337,400 29,337,400
Average number of shares for the period  28,017,400 29,153,466 29,337,400
Additional shares due to dilution effect  1,121,429
Average number of shares for the period after dilution  29,138,829 29,153,466 29,337,400

No own shares were acquired or transferred during the year. As of April 30, 2009, neither Hemtex AB nor any company in the Group held shares in Hemtex AB. Hemtex AB has only one class of shares in which all shares have the same number of votes per share.

In addition to the number of shares at the end of the period, a number of potential shares are outstanding, attributable to the warrants described in Note 4. A dilution effect arises if the present value of the subscription price is lower than the fair value of the common shares. The dilution effect appears as the difference between the number of shares that holders of warrants have a right to subscribe for and the number of shares valued at fair value, to which the subscription settlement corresponds. The difference is treated as share issues for which the company does not receive any payment.