February 2019 Monthly Earnings Release


Wisdom Marine Lines Co., Limited
February 2019 Monthly Earnings Release
  USD TWD(in thousands)
YoY% Change
Monthly Revenue 34,193,313 1,053,565 Plus 9.80%
Year-to-Date Revenue 72,573,382 2,236,566 Plus 10.94%
Monthly Operating Income 8,558,138 263,692 Plus 28.07%
Monthly Net Income before
Income Tax Expense
4,147,241 127,784 Plus 46.70%
Year-to-Date Net Income
before Income Tax Expense
8,967,955 276,374 Plus 125.30%
Monthly Pre-tax EPS - 0.20 -
Year-to-Date Pre-tax EPS - 0.44 -

         Year-to-Date Operating Income                             19,070,088               587,702                 Plus 26.88%

Basis for Computation:
Month End
Monthly Average
Annual Average
TWD/USD 30.77 30.812 30.818
JPY/USD 110.37 110.52  109.71 
Outstanding Shares 631,526,337 - -
Weighted Average of Shares Outstanding 630,491,005 - -
  Month End Prior Month Prior Year
No. of Vessels 130 130 128
BDI 658 668 1,192


1.Change of Fleet : None.
2.Change in Operation:4 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:13 vessels renewal of contracts. 5.Operating Income:Operating income increased 28.07%. However, the shipping market continued to recover, and 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 depreciation of Japanese Yen led to foreign exchange gain 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 shares. 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.