{"id":388679,"date":"2020-11-25T14:59:58","date_gmt":"2020-11-25T19:59:58","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388679"},"modified":"2020-11-25T14:59:58","modified_gmt":"2020-11-25T19:59:58","slug":"atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/","title":{"rendered":"ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020"},"content":{"rendered":"
\n

Canada NewsWire<\/p>\n<\/p><\/div>\n

\n

\n TORONTO<\/span>, Nov. 25, 2020<\/span> \/CNW\/ –\u00a0Asian Television Network International Limited (ATN) <\/b>Toronto Stock Exchange Venture\u00a0(TSXV: SAT)\u00a0<\/b>Canada’s<\/span> Pioneer South Asian Broadcaster announce its third quarter 2020 consolidated financial and operating results for the three and nine months ended September 30, 2020<\/span>, in accordance with International Financial Reporting Standards (“IFRS”).<\/p>\n

\n Summarized Consolidated Financial Results<\/b>\n <\/p>\n

Three and nine months ended September 30, 2020<\/span> and September 30, 2019<\/span>.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three months ended September 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Nine months ended September 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 2019<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 2019<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Operating revenue<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,766,649<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,994,964<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 7,435,767<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,094,326<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total operating expenses<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,469,573<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 3,628,991<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 8,123,043<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 11,421,659<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Income (Loss) before tax<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 297,076<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (634,027)<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (687,276)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (2,327,333)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Income tax recovery<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n –<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n –<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (328,234)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net income (loss) for the year<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 297,076<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (634,027)<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (687,276)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (1,999,099)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Basic and Diluted Loss per share<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 0.01<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.03)<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (0.03)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.08)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n EBITDA<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 604,663<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (275,971)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 656,168<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (895,791)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

Consolidated operating revenue decreased 8% of which subscription revenues increased 7% and advertising revenue decreased by 41% this quarter over same the three months ended September 30, 2019<\/span> having a positive impact on our consolidated income for the quarter. The decline of advertising revenues compared to same three month period in 2019 continues due to businesses impacted by COVID-19 restrictions although it has increased from previous quarter ending on June 30, 2020<\/span>. For the nine month period ending September 30, 2020<\/span>, the decline in subscription revenue continues due to declining number of subscribers who continue to migrate to illegal IPTV set-top boxes.<\/p>\n

For details please refer to the MD&A and the Complete Financial Statements filed with SEDAR.<\/p>\n

We are a Canadian media company. ATN serves Canada’s<\/span> diverse cultural communities with more than 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<\/a><\/p>\n

We seek safe harbor.<\/p>\n

SOURCE Asian Television Network International Limited<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Canada NewsWire TORONTO, Nov. 25, 2020 \/CNW\/ –\u00a0Asian Television Network International Limited (ATN) Toronto Stock Exchange Venture\u00a0(TSXV: SAT)\u00a0Canada’s Pioneer South Asian Broadcaster announce its third quarter 2020 consolidated financial and operating results for the three and nine months ended September 30, 2020, in accordance with International Financial Reporting Standards (“IFRS”). Summarized Consolidated Financial Results Three and nine months ended September 30, 2020 and September 30, 2019. Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 Operating revenue $ 2,766,649 $ 2,994,964 $ 7,435,767 $ 9,094,326 Total operating expenses 2,469,573 3,628,991 8,123,043 11,421,659 Income (Loss) before tax 297,076 (634,027) (687,276) (2,327,333) Income tax recovery – – – (328,234) Net income (loss) for the year 297,076 (634,027) … <\/p>\n

Continue reading “ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388679","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Canada NewsWire TORONTO, Nov. 25, 2020 \/CNW\/ –\u00a0Asian Television Network International Limited (ATN) Toronto Stock Exchange Venture\u00a0(TSXV: SAT)\u00a0Canada’s Pioneer South Asian Broadcaster announce its third quarter 2020 consolidated financial and operating results for the three and nine months ended September 30, 2020, in accordance with International Financial Reporting Standards (“IFRS”). Summarized Consolidated Financial Results Three and nine months ended September 30, 2020 and September 30, 2019. Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 Operating revenue $ 2,766,649 $ 2,994,964 $ 7,435,767 $ 9,094,326 Total operating expenses 2,469,573 3,628,991 8,123,043 11,421,659 Income (Loss) before tax 297,076 (634,027) (687,276) (2,327,333) Income tax recovery – – – (328,234) Net income (loss) for the year 297,076 (634,027) … Continue reading "ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-25T19:59:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C9274&Transmission_Id=202011251456CANADANWWEB______C9274&DateId=20201125\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020\",\"datePublished\":\"2020-11-25T19:59:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\\\/\"},\"wordCount\":266,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rt.prnewswire.com\\\/rt.gif?NewsItemId=C9274&Transmission_Id=202011251456CANADANWWEB______C9274&DateId=20201125\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\\\/\",\"name\":\"ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020 - 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Summarized Consolidated Financial Results Three and nine months ended September 30, 2020 and September 30, 2019. Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 Operating revenue $ 2,766,649 $ 2,994,964 $ 7,435,767 $ 9,094,326 Total operating expenses 2,469,573 3,628,991 8,123,043 11,421,659 Income (Loss) before tax 297,076 (634,027) (687,276) (2,327,333) Income tax recovery – – – (328,234) Net income (loss) for the year 297,076 (634,027) … Continue reading \"ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-25T19:59:58+00:00","og_image":[{"url":"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C9274&Transmission_Id=202011251456CANADANWWEB______C9274&DateId=20201125","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020","datePublished":"2020-11-25T19:59:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/"},"wordCount":266,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C9274&Transmission_Id=202011251456CANADANWWEB______C9274&DateId=20201125","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/atn-reports-its-third-quarter-for-the-three-and-nine-months-ended-september-30-2020\/","name":"ATN Reports its Third Quarter for the Three and Nine Months Ended September 30, 2020 - 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