April 2023 Monthly Earnings Release

Wisdom Marine Lines Co., Limited
April 2023 Monthly Earnings Release
USD TWD(in thousands)
Monthly Revenue 50,949,220 1,557,211 (38.16%)
Year-to-Date Revenue 168,986,591 5,143,445 (41.30%)
Monthly Operating Income 13,612,771 416,063 (70.37%)
Year-to-Date Operating Income 25,060,574 762,769 (82.73%)
Monthly Net Income before
Income Tax Expense 		9,260,836 283,050 (80.52%)
Year-to-Date Net Income
before Income Tax Expense 		5,065,722 154,185 (96.47%)
Monthly Pre-tax EPS - 0.38 -
Year-to-Date Pre-tax EPS - 0.21 -
TWD/USD 30.740 30.564 30.437
JPY/USD 135.71 133.55 132.58
Outstanding Shares 746,409,199 - -
Weighted Average of Shares Outstanding 746,409,199 - -
Month End Prior Month Prior Year
No. of Vessels 141 141 140
BDI 1576 1389 2404 
Analysis:

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: 4 vessels renewal of contracts.
5.Operating Income: Operating income decreased 70.37% because of a global
economic slowdown since the second half of 2022.
6.Non-operating income: The depreciation of Japanese Yen led to
USD800,000 foreign exchange gain by the exchange rate at the end of the
month; The depreciation of New Taiwan Dollar led to USD400,000 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 04 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2023 06:30:09 UTC.