ATN Announces its Audited Financial Results for the 12 Months Ended December 31, 2018

TORONTO, April 30, 2019 /CNW/ - Asian Television Network International Limited (ATN) Toronto Stock Exchange Venture (TSXV-SAT) Canada's Pioneer South Asian Broadcaster has released its audited consolidated financial and operating results for the 12 months ended December 31, 2018, in accordance with International Financial Reporting Standards ("IFRS").

					2018	2017
Operating revenue					$14,829,631	$20,095,583
Total operating expenses					16,862,046	20,315,260
Loss before tax					(2,032,415)	(219,677)
Income tax recovery					(530,702)	(55,648)
Net loss for the year					$(1,501,713)	$(164,029)
Basic and Diluted Loss per share					$(0.06)	$(0.01)

 

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 over 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

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