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Asian Television Network International Limited Canada’s Pioneer South Asian Broadcaster is pleased to announce its third quarter 2022 consolidated financial and operating results for the three and nine months ended September 30, 2022, in accordance with International Financial Reporting Standards (“IFRS”).
Summarized Consolidated Financial Results
Three and nine months ended September 30, 2022 and September 30, 2022
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Three months ended September 30,
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Nine months ended September 30,
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2022 |
2022 |
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2022 |
2022 |
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| Operating revenue |
$5,857,505 |
$6,597,606 |
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$18,200,087 |
$19,265,606 |
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| Total operating expenses |
5,685,612 |
5,915,985 |
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17,441,136 |
17,442,070 |
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| Income before taxes |
171,893 |
681,621 |
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758,951 |
1,823,536 |
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| Income tax expense |
66,350 |
189,926 |
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252,393 |
499,112 |
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| Net income for the period |
$105,543 |
$491,695 |
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$506,558 |
$1,324,424 |
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| Basic and Diluted Earnings per share |
$0.004 |
$0.020 |
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$0.021 |
$0.054 |
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| EBITDA |
$375,671 |
$882,736 |
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$1,397,714 |
$2,404,231 |
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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
SOURCE Asian Television Network International Limited |
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