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TORONTO, Aug. 28, 2018
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
View original content: http://www.newswire.ca/en/releases/archive/August2018/28/c6629.html
K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199Copyright CNW Group 2018