ATN reports a net income of $565,084 on revenues of $24,006,724 for the 12 months ended December 31, 2016
TORONTO, April 28, 2017 /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, 2016, in accordance with International Financial Reporting Standards ("IFRS").
| 2016 |
2015 |
|||||
| Operating revenue |
$24,006,724 |
$26,102,683 |
||||
| Total operating expenses |
23,229,449 |
23,555,928 |
||||
| Income before tax |
777,275 |
2,546,755 |
||||
| Income tax expense |
212,191 |
683,914 |
||||
| Net income for the period |
$565,084 |
$1,862,841 |
||||
| Basic and Diluted Earnings per share |
$0.02 |
$0.08 |
||||
| EBITDA |
$1,799,881 |
$3,367,234 |
||||
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 55 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
K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199
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