ATN announces another record year end

About this update from Asian Television Network International Limited

[{"type":"text","content":"\n\n\n\nNEWMARKET, ON, March 26 /CNW/ - Asian Television Network International\nLimited (ATN)(The Company)(TSX-SAT), today announced financial results for the\nyear ended December 31, 2006. The Company had a record year Revenue of\n$11,054,639, a 52.1% increase over 2005. Net earnings before income tax in\n2006 were also record breaking at $2,496,154 and exceeding 2005 by 70.8%. This\nwas also our fourth consecutive year of positive net earnings. In addition,\nEBITDA for December 31 2006 was $3,361,276, (EPS 14.0 cents) as compared to\nDecember 31, 2005 of $2,019,912, (EPS 8.5 cents) a 66.4% outstanding increase.\n\n\nFINANCIAL HIGHLIGHTS\n For the year-end December 31\n 2006 2005\n -----------------------------------\nRevenue $11,054,639 $7,269,400\nEBITDA $3,361,276 $2,019,912\nEarnings per share $0.14 $0.08\nNet earnings before taxes $2,496,154 $1,460,995\n\n\nATN is Canada's largest South Asian broadcaster. The Company operates a\ntotal of fourteen licensed television channels, including the just launched\nEnglish language sports channel. The majority of the channels are dedicated to\nmulti-cultural television programming. These include two general interest\nentertainment channels, two movie channels, five regional language channels,\nan English language news channel, a sports channel and a music channel. Thus\nthe company carries a variety of genres. The Company's operations reach beyond\nthe niche market, as it is one of the largest distributors of world-class\ncricket on television in Canada, including the 2007 ICC Cricket World Cup.\n\n\nWe rely on safe harbour provision\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the accuracy or the adequacy of this release.\n\n\n","length":2116,"tagName":"div"}]

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