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Asian Television Network International Limited
ATN Reports a Net Loss of $164,029 on Revenues of $20,095,583 for the 12 Months Ended December 31, 2017
Published Apr 27 2018
4 min read

ATN Reports a Net Loss of $164,029 on Revenues of $20,095,583 for the 12 Months Ended December 31, 2017

ATN Reports a Net Loss of $164,029 on Revenues of $20,095,583 for the 12 Months Ended December 31, 2017

Canada NewsWire

TORONTO, April 27, 2018

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

View original content: http://www.newswire.ca/en/releases/archive/April2018/27/c5547.html

K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario, L3R 8E4, 905-948-8199Copyright CNW Group 2018