Canada NewsWire
TORONTO, May 30, 2018
TORONTO, May 30, 2018 /CNW/ - Asian Television Network International Limited (ATN) Toronto Stock Exchange Venture (TSXV-SAT) Canada's Pioneer South Asian Broadcaster announces its first quarter 2018 consolidated financial and operating results for the three months ended March 31, 2018, in accordance with International Financial Reporting Standards ("IFRS").
Summarized Consolidated Financial Results
Three months ended March 31, 2018
|
2018 |
2017 |
|||||
|
Operating revenue |
$4,209,064 |
$5,189,454 |
||||
|
Total operating expenses |
4,553,618 |
5,499,678 |
||||
|
Loss before taxes |
(344,554) |
(310,224) |
||||
|
Income tax recovery |
(88,530) |
(78,884) |
||||
|
Net loss for the period |
$(256,024) |
$(231,340) |
||||
|
Basic and Diluted Loss per share |
$(0.01) |
$(0.01) |
||||
|
EBITDA |
$(97,520) |
$19,823 |
||||
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/May2018/30/c6269.html
K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199Copyright CNW Group 2018