ATN Announces its Audited Financial Results for the 12 Months Ended December 31, 2019
April 27 2020 - 2:28PM
PR Newswire (Canada)
TORONTO, April 27, 2020 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, 2019, in accordance with
International Financial Reporting Standards ("IFRS").
|
2019
|
2018
|
|
Operating
revenue
|
$11,980,773
|
$14,829,631
|
|
|
|
|
Total operating
expenses
|
14,704,155
|
16,862,046
|
|
Loss before
tax
|
(2,723,382)
|
(2,032,415)
|
|
Income tax
recovery
|
(394,205)
|
(530,702)
|
|
Net loss for the
year
|
$(2,329,177)
|
$(1,501,713)
|
|
Basic and Diluted
Loss per share
|
$(0.10)
|
$ (0.06)
|
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
Copyright 2020 Canada NewsWire
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