TORONTO, Nov. 29, 2018 /CNW/ - Asian Television Network International Limited (ATN) Toronto Stock Exchange Venture (TSXV-SAT) Canada's Pioneer South Asian Broadcaster announce its third quarter 2018 consolidated financial and operating results for the three and nine months ended September 30, 2018, in accordance with International Financial Reporting Standards ("IFRS").

Summarized Consolidated Financial Results

Three and nine months ended September 30, 2018 and September 30, 2017

Three months ended
September 30,

Nine months ended
September 30,




2018

2017

2018

2017

Operating revenue

$3,765,733

$5,142,875

$11,934,226

$15,538,174

Total operating expenses

4,134,702

5,072,327

13,203,504

15,481,213

(Loss) income before taxes

(368,969)

70,548

(1,269,278)

56,961

Income tax (recovery) expense

(126,312)

93,762

(344,328)

109,433

Net (loss) for the period

$(242,657)

$(23,214)

$(924,950)

$(52,472)

Basic and Diluted (Loss) Earnings per share

$(0.01)

$(0.00)

$(0.04)

$(0.00)














EBITDA

$20,175

$355,935

$(133,498)

$998,448

 

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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