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
share

$(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

For further information: K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199

RELATED LINKS
http://www.asiantelevision.com

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