ATN Reports for its First Quarter 2019 for the 3 Months Ended March 31, 2019.
May 31 2019 - 8:32AM
PR Newswire (Canada)
TORONTO, May 30, 2019 /CNW/ - Asian Television Network
International Limited (ATN) Toronto Stock Exchange
Venture (TSXV: SAT) Canada's pioneer South Asian broadcaster
announces its first quarter 2019 consolidated financial and
operating results for the three months ended March 31, 2019, in accordance with International
Financial Reporting Standards ("IFRS").
Summarized Consolidated Financial Results
Three months ended March 31,
2019
|
|
|
|
|
|
|
2019
|
2018
|
|
|
Operating
revenue
|
|
|
|
$3,214,943
|
$4,209,064
|
|
|
Total operating
expenses
|
|
|
|
3,804,484
|
4,553,618
|
|
|
Loss before
taxes
|
|
|
|
(589,541)
|
(344,554)
|
|
|
Income tax
recovery
|
|
|
|
(166,430)
|
(88,530)
|
|
|
Net loss for the
period
|
|
|
|
$(423,111)
|
$(256,024)
|
|
|
Basic and Diluted
Loss per share
|
|
|
|
$(0.02)
|
$(0.01)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
$(52,124)
|
$(97,520)
|
|
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 2019 Canada NewsWire
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