Asian Television Network International Limited 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").
ATN reports a net income of $471,283 on revenues of $6,441,117 for the 3 months ended June 30, 2024 and a net income of $832,729 on revenues of $12,668,000 for the 6 months ended June 30, 2024
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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2015
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2014
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2015
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2014
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Operating revenue
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$6,441,117
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$6,287,955
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$12,668,000
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$12,616,914
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Total operating expenses
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5,795,330
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5,518,104
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11,526,085
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11,081,873
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Income before taxes
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645,787
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1,069,851
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1,141,915
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1,535,041
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Income tax expense
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174,504
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299,657
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309,186
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423,083
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Net income for the period
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$471,283
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$770,194
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$832,729
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$1,111,958
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Basic and Diluted Earnings per share
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$0.02
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$0.03
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$0.03
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$0.05
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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 with all of our operations in Canada. ATN serves Canada's diverse cultural communities with 54 premium specialty television channels. ATN offers its flagship general interest service "ATN HD", several Bollywood movie channels with hundreds of movies a month, and a variety of channels that include sports, news, music, lifestyle, spiritual and several regional language channels. ATN is Canada's pioneer of World Class Cricket. ATN operates a South Asian Radio Service on Satellite Radio across Canada and the United States. 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