TORONTO, May 26, 2021 /CNW/ - Asian Television
Network International Limited (ATN) Toronto Stock Exchange
Venture (TSXV: SAT) Canada's pioneer South Asian broadcaster
announces its first quarter 2021 consolidated financial and
operating results for the three months ended March 31, 2021, in accordance with International
Financial Reporting Standards ("IFRS").
Summarized Consolidated Financial Results
Three months ended March 31, 2021
and March 31, 2020.
|
Three months ended
March 31,
|
|
2021
|
|
2020
|
|
Operating
revenue
|
$
|
2,333,658
|
|
$
|
2,445,137
|
|
|
|
|
|
Total operating
expenses
|
2,671,135
|
|
3,122,684
|
|
Loss before
tax
|
(337,477)
|
|
(677,547)
|
|
Income tax
recovery
|
-
|
|
-
|
|
Net loss for the
year
|
$
|
(337,477)
|
|
$
|
(677,547)
|
|
Basic and Diluted
Loss per share
|
$
|
(0.01)
|
|
$
|
(0.03)
|
|
EBITDA
|
$
(5,443)
|
|
$
(110,199)
|
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
