Asian Television Network International Limited today announces its financial results for the third quarter ended September 30...

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

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