Wisdom Marine Lines Cayman : August 2023 Monthly Earnings Release
September 05, 2023 at 04:08 am EDT
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August 2023 Monthly Earnings Release
Wisdom Marine Lines Co., Limited
August 2023 Monthly Earnings Release
USD
TWD(in thousands)
Monthly Revenue
38,979,637
1,240,371
(43.41%)
Year-to-Date Revenue
350,493,990
10,791,710
(42.68%)
Monthly Operating Income
2,272,202
72,305
(91.86%)
Year-to-Date Operating Income
56,086,843
1,726,914
(82.05%)
Monthly Net Income before
Income Tax Expense
4,467,952
142,176
(83.27%)
Year-to-Date Net Income
before Income Tax Expense
49,897,894
1,536,356
(83.48%)
Monthly Pre-tax EPS
-
0.19
-
Year-to-Date Pre-tax EPS
-
2.06
-
TWD/USD
31.860
31.821
30.790
JPY/USD
145.91
144.80 136.81
Outstanding Shares
746,409,199
-
-
Weighted Average of Shares Outstanding
746,409,199
-
-
Month End
Prior Month
Prior Year
No. of Vessels
135
136
141
BDI
1086
1127
965
08/21 Katagalan Ace(DWT82300/Panamax)joined Wisdom fleet.
08/17 Unicorn Bravo(DWT8759/Small Handy) was sold.
08/22 Bunun Elegance(DWT45556/Handy) was sold.
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: 3 vessels renewal of contracts.
5.Operating Income: Operating income decreased 91.86% because of a global
economic slowdown since the second half of 2022.
6.Non-operating income: The depreciation of Japanese Yen led to
USD1,000,000 foreign exchange gain by the exchange rate at the end of the
month; The depreciation of New Taiwan Dollar led to USD600,000 foreign
exchange gain by the exchange rate at the end of the month. Recognized
USD6,000,000 gain on 2 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.
Wisdom Marine Lines Co. Limited published this content on 05 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2023 08:07:07 UTC.
Wisdom Marine Lines Co Ltd is a Taiwan-based company mainly engaged in the ship leasing and marine transportation business. The Company operates long-term charter, short-term charter and management business, international maritime transportation business, ship related management and maintenance business, shipping agency business and ship trading business. The fleet includes bulk ships, timber carriers, double-deck ships, multi-purpose ships and container ships of various tonnage. It mainly transports bulk materials. The ships are mainly leased to customers in Japan and Europe, and the routes cover Southeast Asia, India, China, Middle East, Africa, South America and other regions.
WISDOM MARINE LINES CO., LIMITED (CAYMAN) 
