Wisdom Marine Lines : December 2017 Monthly Earnings Release
January 08, 2018 at 01:34 pm IST
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Wisdom Marine Lines Co., Limited
December 2017 Monthly Earnings Release
USD
TWD(in thousands)
YoY% Change
Monthly Revenue
33,856,065
1,014,700
Plus 16.82%
Year-to-Date Revenue
362,728,315
11,038,548
Plus 9.58%
Monthly Operating Income
8,107,088
242,976
Plus 87.37%
Monthly Net Income before
Income Tax Expense
3,411,148
102,234
296.34%
Year-to-Date Net Income
before Income Tax Expense
13,979,455
425,423
(67.72%)
Monthly Pre-tax EPS
-
0.17
-
Year-to-Date Pre-tax EPS
-
0.72
-
Year-to-Date Operating Income 61,859,044 1,882,494 Plus 24.64%
Basis for Computation:
Month End
Monthly Average
Annual Average
TWD/USD
29.760
29.971
30.432
JPY/USD
112.66
112.95
112.21
Outstanding Shares
616,707,566
-
-
Weighted Average of Shares Outstanding
589,557,930
-
-
Month End
Prior Month
Prior Year
No. of Vessels
124
124
114
BDI
1,366
1,578
961
1.Change of Fleet:None.
2.Change in Operation: 5 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 87.37%. 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: Net Income increased due to a USD$8,000,000
evaluation loss on investment last year.
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 08 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 January 2018 08:04:02 UTC.
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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.