ATN Reports a Net Loss of $164,029 on Revenues of $20,095,583 for the 12 Months Ended December 31, 2017
April 27 2018 - 4:11PM
PR Newswire (Canada)
TORONTO, April 27, 2018 /CNW/ - Asian Television
Network International Limited (ATN) Toronto Stock Exchange
Venture (TSXV-SAT) Canada's
Pioneer South Asian Broadcaster is pleased to announce its audited
consolidated financial and operating results for the 12 months
ended December 31, 2017, in
accordance with International Financial Reporting Standards
("IFRS").
|
2017
|
2016
|
Operating
revenue
|
$20,095,583
|
$24,006,724
|
|
|
|
Total operating
expenses
|
20,315,260
|
23,229,449
|
(Loss) income
before tax
|
(219,677)
|
777,275
|
Income tax
(recovery) expense
|
(55,648)
|
212,191
|
Net (loss) income
for the year
|
$(164,029)
|
$565,084
|
Basic and Diluted
(Loss) Earnings per share
|
$(0.01)
|
$0.02
|
For details please refer to the MD&A and the Complete
Financial Statements filed with Sedar.
We are a Canadian media company. ATN serves Canada's diverse cultural communities with 54
premium specialty television channels. We are publicly traded on
the Toronto Stock Exchange Venture (TSXV-SAT). For more information
please visit www.asiantelevision.com
We seek safe harbor.
SOURCE Asian Television Network International Limited
Copyright 2018 Canada NewsWire
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