TMCnet News

ATN reports a net income of $200,653 on revenues of $6,091,874 for the 3 months ended March 31, 2016
[May 28, 2016]

ATN reports a net income of $200,653 on revenues of $6,091,874 for the 3 months ended March 31, 2016


TORONTO, May 27, 2016 /CNW/ - Asian Television Network International Limited (ATN) Toronto Stock Exchange Venture  (TSXV-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its first quarter 2016 consolidated financial and operating results for the three months ended March 31, 2016, in accordance with International Financial Reporting Standards ("IFRS").

Summarized Consolidated Financial Results

Three months ended March 31, 2016

Three months ended March 31,


2016

2015

Operating revenue


$6,091,874

$6,226,883

Total operating expenses


5,798,262

5,730,755

Income before taxes


293,612

496,128

Income tax expense


92,959

134,682

Net income for the period


$200,653

$361,446

Basic and Diluted Earnings per share


$0.01

$0.01














EBITDA


$507,983

$685,224








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 visit www.asiantelevision.com.

We seek safe harbor.

SOURCE Asian Television Network International Limited


[ Back To TMCnet.com's Homepage ]