TORONTO, Nov. 28, 2017 /CNW/ - Asian Television Network
International Limited (ATN) (TSX-V-SAT) Canada's Pioneer South Asian Broadcaster is
pleased to announce its third quarter 2017 consolidated financial
and operating results for the three and nine months ended
September 30, 2017, in accordance
with International Financial Reporting Standards ("IFRS").
Summarized Consolidated Financial Results
Three and nine months ended September 30,
2017 and September 30,
2016
|
Three months ended
September 30,
|
Nine months ended
September 30,
|
|
2017
|
2016
|
2017
|
2016
|
|
Operating
revenue
|
$5,142,875
|
$5,857,505
|
$15,538,174
|
$18,200,087
|
|
|
|
|
|
|
Total operating
expenses
|
5,072,327
|
5,685,612
|
15,481,213
|
17,441,136
|
|
Income before
taxes
|
70,548
|
171,893
|
56,961
|
758,951
|
|
Income tax
expense
|
93,762
|
66,350
|
109,433
|
252,393
|
|
|
|
|
|
|
Net (loss) income
for the period
|
$(23,214)
|
$105,543
|
$(52,472)
|
$506,558
|
|
Basic and Diluted
Earnings per share
|
$0.00
|
$0.00
|
$(0.00)
|
$0.02
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
$355,935
|
$375,671
|
$998,448
|
$1,397,714
|
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
Neither the Toronto Venture Exchange, nor its regulation
services provider (as that term is defined in the policies of the
exchange), accepts responsibility for the adequacy or accuracy of
this release
Certain information in this press release
may contain forward-looking statements. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements.
The Company assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements unless and until required by securities laws applicable
to the Company. Additional information identifying risks and
uncertainties is contained in filings by the Company with the
Canadian securities regulators, which filings are available at
www.sedar.com.
SOURCE Asian Television Network International Limited