ATN REPORTS A FIRST QUARTER NET PROFIT OF 1.3 MILLION

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[{"type":"text","content":"\n\n\n Jun. 28, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, June 28, 2011 /CNW/ -  Asian Television Network International Limited (ATN) (TSX-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its\n operating results for the 1st quarter of 2011 with a profit before tax of almost $2 million which is\n an increase of 375% over the 1st Quarter profit before tax of 2010 of $0.5 million.\n\n\nThe results of the period are as follows:\n\n\n\n\n\n\n\n    \n\n\n2011\n\n \n \n \n \n\n2010\n\n\n\n\nEBITDA    \n\n\n1,979,000\n\n \n \n \n \n\n626,000\n\n\n\n\nEBITDA Earnings per share  \n\n\n0.081\n\n \n \n \n \n\n0.026\n\n\n\n\nNet income for the period  \n\n\n1,342,000\n\n \n \n \n \n\n519,000\n\n\n\n\nEarnings per share   \n\n\n0.05\n\n \n \n \n \n\n0.01\n\n\n\n\n"We are very pleased with these results of the Company," says Kyrill\n Classen Chief Financial Officer.\n\n\n"We are encouraged by the growth of our business and the trend this sets\n for the future," says Dr. Shan Chandrasekar President & CEO.\n\n\nATN operates 33 television channels as well as the ATN Asian Radio on XM\n 159, the only Satellite Radio channel serving North America's South\n Asian Diaspora. ATN video content is also available on any Bell mobile\n phone that supports video. ATN has programmi...

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