August 2021 Monthly Earnings Release

Wisdom Marine Lines Co., Limited
August 2021 Monthly Earnings Release
USD TWD(in thousands)
Monthly Revenue 61,301,530 1,708,351 67.62%
Year-to-Date Revenue 402,514,017 11,270,795 57.66%
Monthly Operating Income 28,320,403 789,231 374.76%
Year-to-Date Operating Income 151,644,197 4,246,189 565.63%
Monthly Net Income before
Income Tax Expense 		24,698,417 688,293 830.98%
Year-to-Date Net Income
before Income Tax Expense 		135,524,736 3,794,828 1290.52%
Monthly Pre-tax EPS - 0.92 -
Year-to-Date Pre-tax EPS - 5.08 -
TWD/USD 27.755 27.868 28.001
JPY/USD 109.81 109.83 108.28
Outstanding Shares 746,409,199 - -
Weighted Average of Shares Outstanding 746,409,199 - -
Month End Prior Month Prior Year
No. of Vessels 136 136 135
BDI 4132 3292 1488 
Analysis:

1.Change of Fleet:

8/6 Genius Star VIII(12005DWT/Small Handy) was sold.
8/11 Kanamu Benefit(37000DWT/Handy) joined Wisdom fleet (manage only).
2.Change in Operation: 2 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 374.76% because of a steady
economic recovery from the pandemic since the second half of 2020.
6.Non-operating income: The depreciation of Japanese Yen led to
USD100,000 foreign exchange gain by the exchange rate at the end of the
month; The appreciation of New Taiwan Dollar led to USD500,000 foreign
exchange loss by the exchange rate at the end of the month.
Regonized USD200,000 loss on the vessel disposal. 
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.

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Wisdom Marine Lines Co. Limited published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2021 07:01:03 UTC.