Wisdom Marine Lines Co., Limited
|July 2019 Monthly Earnings Release
|Monthly Operating Income
|Monthly Net Income before
Income Tax Expense
|Year-to-Date Net Income
before Income Tax Expense
|Monthly Pre-tax EPS
|Year-to-Date Pre-tax EPS
Year-to-Date Operating Income 63,457,782 1,966,937 Plus 2.45%
Basis for Computation:
|Weighted Average of Shares Outstanding
|No. of Vessels
1.Change of Fleet:7/30 Bunun Leader (Handy/37600DWT) joined Wisdom fleet.
2.Change in Operation:6 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 decreased 15.79% due to the dry bulk
market slump in Q1. 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 Japanese Yen led to USD400,000
foreign exchange gain by the exchange rate at the end of the month;
Fluctuation of stock price led to USD 2,300,000 evaluation loss of 2nd
Secured Covertible Bond and 3th Unsecured Covertible Bond.
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
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.