December 2020 Monthly Earnings Release

Wisdom Marine Lines Co., Limited
December 2020 Monthly Earnings Release
USD TWD(in thousands)
Monthly Revenue 39,996,464 1,127,860 7.75%
Year-to-Date Revenue 405,138,553 11,939,433 (9.47%)
Monthly Operating Income 9,844,499 277,603 9.11%
Year-to-Date Operating Income 51,056,084 1,504,623 (53.69%)
Monthly Net Income before
Income Tax Expense 		10,340,218 291,582 162.77%
Year-to-Date Net Income
before Income Tax Expense 		4,542,363 133,864 (93.66%)
Monthly Pre-tax EPS - 0.40 -
Year-to-Date Pre-tax EPS - 0.18 -
TWD/USD 28.1 28.199 29.470
JPY/USD 103.11 103.79 106.76
Outstanding Shares 746,409,199 - -
Weighted Average of Shares Outstanding 729,329,679 - -
Month End Prior Month Prior Year
No. of Vessels 136 136 129
BDI 1366 1227 1090 
Analysis： 

1.Change of Fleet: None

2.Change in Operation: 3 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: 1 vessels renewal of contracts.
5.Operating Income: Operating income increased 9.11% because of a steady
economic recovery from the pandemic since the second half of the year.
6.Non-operating income: The appreciation of Japanese Yen led to
USD500,000 foreign exchange loss by the exchange rate at the end of the
month; The appreciation of New Taiwan Dollar led to USD600,000 foreign
exchange loss by the exchange rate at the end of the month.Recognized
USD4,000,000 gain on reversal of impairment loss.
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 08 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 January 2021 07:11:01 UTC