January 2019 Monthly Earnings Release


Wisdom Marine Lines Co., Limited
January 2019 Monthly Earnings Release
  USD TWD(in thousands)
YoY% Change
Monthly Revenue 38,380,069 1,183,027 Plus 11.99%
Year-to-Date Revenue 38,380,069 1,183,027 Plus 11.99%
Monthly Operating Income 10,511,950 324,020 Plus 25.93%
Monthly Net Income before
Income Tax Expense
4,820,714 148,593 Plus 317.95%
Year-to-Date Net Income
before Income Tax Expense
4,820,714 148,593 Plus 317.95%
Monthly Pre-tax EPS - 0.24 -
Year-to-Date Pre-tax EPS - 0.24 -

        Year-to-Date Operating Income                        10,511,950                    324,020                        Plus 25.93%


Basis for Computation:
Month End
Monthly Average
Annual Average
TWD/USD 30.735 30.824 30.824
JPY/USD 108.73 108.90    108.90 
Outstanding Shares 631,176,516 - -
Weighted Average of Shares Outstanding 629,805,494 - -
  Month End Prior Month Prior Year
No. of Vessels 130 130 128
BDI 668 1,271 1,152


1.Change of Fleet:None.
2.Change in Operation:7 vessels in dry-dock.
3.Fluctuation of Exchange Rate: Yen fluctuations resulted in non-operating 
income (loss) from outstanding borrowings denominated in Japanese Yen.  
4.Renewal of Contracts:4 vessels renewal of contracts.
5.Operating Income:Operating income increased 25.93%. However, with the 
Company’s new vessels delivery and the TC hire renewal this year, 
the expected operating income will have the opportunity to grow.
6.Non-operating income: The depreciation of New Taiwan Dollar and the 
appreciation of Japanese Yen led to foreign exchange gain/loss 
by the exchange rate at the end of the month.
Notes on Compilation:
1.We adopt IFRS.
2.Our functional currency is US Dollar. The representation of TWD figures 
are calculated based on the average exchange rate of the relevant period. 
Evaluation gain or loss is calculated based on the month end exchange rate.
3.Rate of change is calculated with USD figures.
4.Earning per share is calculated based on weighted average of outstanding 
5.Depreciation and crew wage costs are calculated on a monthly basis, but 
revenue is calculated on incurred basis by day. Hence the calendar days of 
each month could slightly affect revenue and operating profits.
6.The lubricant oil expenses is estimated monthly and adjusted according to 
inventory check on a quarterly frequency.
7.The duration of each vessel might differ according to size, condition and
specifications. Modern new buildings now are normally depreciated on a 25 
year duration. 
8.The earning release is based on unaudited provisional account. Monthly
Net Income before Income Tax Expense reported in the earnings release
includes earnings attributable to minority interests.