ATN reports for its first quarter 2017 a net loss of $231,340 on revenues of $5,189,454 for the 3 months ended March 31, 2017.
TORONTO, May 30, 2017 /CNW/ - Asian Television Network International Limited (ATN) Toronto Stock Exchange Venture (TSXV-SAT) Canada's Pioneer South Asian Broadcaster announces its first quarter 2017 consolidated financial and operating results for the three months ended March 31, 2017, in accordance with International Financial Reporting Standards ("IFRS").
Summarized Consolidated Financial Results
Three months ended March 31, 2017
| Three months ended March 31, |
|||
| 2017 |
2016 |
||
| Operating revenue |
$5,189,454 |
$6,091,874 |
|
| Total operating expenses |
5,499,678 |
5,798,262 |
|
| (Loss) income before taxes |
(310,224) |
293,612 |
|
| Income tax (recovery) expense |
(78,884) |
92,959 |
|
| Net (loss) income for the period |
$(231,340) |
$200,653 |
|
| Basic and Diluted Earnings per |
$(0.01) |
$0.01 |
|
| EBITDA |
$19,823 |
$507,983 |
|
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
K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199
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