Analysis:
1.Change of Fleet:
06/08 Bunun Unicorn(DWT39413/Handy) joined Wisdom fleet. 06/30 Bunun Youth(DWT39703/Handy) joined Wisdom fleet. 06/05 Pazeh Wisdom(DWT18969/Small Handy) was sold. 06/09 Bunun Brave(DWT45556/Handy) was sold. 06/15 Hoanya Wisdom(DWT21118/Small Handy) was sold. 06/21 Siraya Wisdom(DWT21118/Small Handy) was sold. 06/22 Amis Orchid(DWT58120/Supramax) was sold. 06/27 Daiwan Champion(DWT34393/Handy) was sold. 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: None 5.Operating Income: Operating income decreased 78.67% because of a global economic slowdown since the second half of 2022. 6.Non-operating income: The depreciation of Japanese Yen led to USD1,500,000 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 USD21,000,000 gain on the 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.
