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 |
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Operating revenue |
$14,829,631 |
$20,095,583 |
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Total operating expenses |
16,862,046 |
20,315,260 |
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Loss before tax |
(2,032,415) |
(219,677) |
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Income tax recovery |
(530,702) |
(55,648) |
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Net loss for the year |
$(1,501,713) |
$(164,029) |
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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
For further information: K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199
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