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ATN Reports its Second Quarter Results for the Three and Six Months Ended June 30, 2018

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ATN Reports its Second Quarter Results for the Three and Six Months Ended June 30, 2018

Canada NewsWire

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

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