Asian Television Network International Limited Canada’s Pioneer South Asian Broadcaster is pleased to announce its second quarter 2024 consolidated financial and operating results for the three and six months ended June 30, 2024, in accordance with International Financial Reporting Standards (“IFRS”).
Summarized Consolidated Financial Results
Three and six months ended June 30, 2024 and June 30, 2024
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Three months ended June 30,
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Six months ended June 30,
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2016 |
2015 |
2016 |
2015 |
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Operating revenue |
$6,250,709 |
$6,441,117 |
$12,342,581 |
$12,668,000 |
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Total operating expenses |
5,957,261 |
5,795,330 |
11,755,521 |
11,526,085 |
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Income before taxes |
293,448 |
645,787 |
587,060 |
1,141,915 |
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Income tax expense |
93,084 |
174,504 |
186,043 |
309,186 |
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Net income for the period |
$200,364 |
$471,283 |
$401,017 |
$832,729 |
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Basic and Diluted Earnings per share |
$0.01 |
$0.02 |
$0.02 |
$0.03 |
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EBITDA |
$514,061 |
$836,271 |
$1,022,044 |
$1,521,495 |
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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 54 premium specialty television channels. We are publicly traded on the Toronto Stock Exchange Venture (TSXV-SAT). For more information, please visitwww.asiantelevision.com
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