ATN Reports its Second Quarter Results for the Three and Six Months Ended June 30, 2018
August 28 2018 - 8:26PM
PR Newswire (Canada)
TORONTO, Aug. 28, 2018 /CNW/ - Asian Television
Network International Limited (ATN) Toronto Stock Exchange
Venture (TSXV-SAT) Canada's Pioneer South Asian Broadcaster
announce its second quarter 2018 consolidated financial and
operating results for the three and six months ended June 30, 2018, in accordance with International
Financial Reporting Standards ("IFRS").
Summarized Consolidated Financial Results
Three and six months ended June 30,
2018 and June 30, 2017
|
Three months ended
June 30,
|
Six months ended
June 30,
|
|
|
|
|
2018
|
2017
|
2018
|
2017
|
|
Operating
revenue
|
$3,959,427
|
$5,205,846
|
$8,168,493
|
$10,395,299
|
|
|
|
|
|
|
Total operating
expenses
|
4,515,183
|
4,909,208
|
9,068,802
|
10,408,886
|
|
(Loss) income
before taxes
|
(555,756)
|
296,638
|
(900,309)
|
(13,587)
|
|
Income tax
(recovery) expense
|
(129,486)
|
94,557
|
(218,016)
|
15,673
|
|
|
|
|
|
|
Net (loss) income
for the period
|
$(426,270)
|
$202,081
|
$(682,293)
|
$(29,260)
|
|
Basic and Diluted
(Loss) Earnings per share
|
$(0.02)
|
$0.01
|
$(0.03)
|
$(0.00)
|
|
|
|
|
|
|
EBITDA
|
$(56,153)
|
$653,090
|
$(153,673)
|
$642,512
|
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
more than 50 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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