Today's Information

Provided by: Wisdom Marine Lines Co., Limited
SEQ_NO 1 Date of announcement 2022/08/03 Time of announcement 14:40:16
Subject 
 July 2022 Monthly Earnings Release
Date of events 2022/08/03 To which item it meets paragraph 51
Statement 
1.Date of occurrence of the event:2022/08/03
2.Company name:Wisdom Marine Lines Co., Ltd.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):Head Office
4.Reciprocal shareholding ratios:Not Applicable
5.Cause of occurrence:July 2022 Monthly Earnings Release
6.Countermeasures:Announcement
7.Any other matters that need to be specified:
Monthly Revenue：              USD 78,424,580 TWD   2,342,621(in thousands)
YoY % Change    31.09%
Year-to-Date Revenue：         USD542,551,740 TWD  15,674,862(in thousands)
YoY % Change    59.01%
Monthly Operating Income：     USD 38,351,320 TWD   1,145,591(in thousands)
YoY % Change    44.45%
Year-to-Date Operating Income：USD284,537,359 TWD   8,220,569(in thousands)
YoY % Change   130.72%
Monthly Net Income
before Income Tax Expense：    USD 33,469,858 TWD     999,776(in thousands)
YoY % Change    46.04%
Year-to-Date Net Income
before Income Tax Expense：    USD275,329,714 TWD   7,954,551(in thousands)
YoY % Change   148.43%
Monthly Pre-tax EPS：       1.34
Year-to-Date Pre-tax EPS： 10.66

Basis for Computation：
                              Month End   Monthly Average   Annual Average
TWD/USD                       29.94         29.871          28.891
JPY/USD                       132.77        136.76       124.99
Outstanding Shares           746,409,199         -               -
Weighted Average of
Shares Outstanding           746,409,199         -               -
                               Month End    Prior Month       Prior Year
No. of Vessels                   141            141              136
BDI                             1895           2240             3292
Analysis：
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: 5 vessels renewal of contracts.
5.Operating Income: Operating income increased 44.45% because of a steady
economic recovery from the pandemic since the second half of 2020.
6.Non-operating income: The appreciation of Japanese Yen led to
USD1,000,000 foreign exchange loss by the exchange rate at the end of the
month; The depreciation of New Taiwan Dollar led to USD300,000 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.

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Wisdom Marine Lines Co. Limited published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 06:51:05 UTC.