Asian Television Network International LimitedTSXV: SAT

ATN reports its first quarter for the three months ended March 31, 2022

· Issued by Asian Television Network International Limited via CNW

TORONTO , May 27, 2022 /CNW/ - Asian Television Network International Limited (ATN) Toronto Stock Exchange Venture (TSXV: SAT) Canada's pioneer South Asian broadcaster announces its first quarter 2022 consolidated financial and operating results for the three months ended March 31, 2022 , in accordance with International Financial Reporting Standards ("IFRS").

Asian Television Network International Limited logo (CNW Group/Asian Television Network International Limited)

Summarized Consolidated Financial Results

Three months ended March 31, 2022 and March 31, 2021 .

Three months ended March 31,

2022

2021

Operating revenue

$         2,040,683

$          2,333,658

Total operating expenses

2,332,379

2,671,135

Net loss for the year

(291,696)

$           (337,477)

Basic and Diluted Loss per share

$                (0.01)

$                (0.01)

The EBITDA for the 3 months ended March 31, 2022 was $37,718 .

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

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