ATN reports a net income of $361,446 on revenues of $6,226,883 for the 3 months ended March 31, 2015

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[{"type":"text","content":"\n\n\nTORONTO, May 29, 2015 /CNW/ - Asian Television Network International Limited (ATN) (TSX-V-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its\n first quarter 2015 consolidated financial and operating results for the\n 3 months ended March 31, 2015, in accordance with International\n Financial Reporting Standards (\"IFRS\").\n\n\nSummarized Consolidated Financial Results\n\n\nThree months ended March 31, 2015 and March 31, 2014\n\n\n\n\n\n\n\n \n\n\n \n\n\nThree months ended March 31\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n2015\n\n\n2014\n\n\n \n\n\n\n\nOperating revenue\n\n\n \n\n\n \n\n\n \n\n\n$6,226,883\n\n\n$6,328,959\n\n\n \n\n\n\n\nTotal operating expenses\n\n\n \n\n\n \n\n\n \n\n\n5,730,755\n\n\n5,863,769\n\n\n \n\n\n\n\nIncome before taxes\n\n\n \n\n\n \n\n\n \n\n\n496,128\n\n\n465,190\n\n\n \n\n\n\n\nIncome tax expense\n\n\n \n\n\n \n\n\n \n\n\n134,682\n\n\n123,426\n\n\n \n\n\n\n\nNet income for the period\n\n\n \n\n\n \n\n\n \n\n\n$361,446\n\n\n$341,764\n\n\n \n\n\n\n\nBasic and Diluted Earnings per share\n\n\n \n\n\n \n\n\n \n\n\n$0.01\n\n\n$0.01\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nFor details please refer to the MD&A and the Complete Financial\n Statements filed with Sedar.\n\n\nWe are a Canadian media company with all of our operations in Canada.\n ATN serves Canada's diverse cultural communities with 54 premium\n specialty television channels. ATN offers its flagship general interest\n service \"ATN HD\", several Bollywood movie channels with hundreds of\n movies a month, and a variety of channels that include sports, news,\n music, lifestyle, spiritual and several regional language channels. ATN\n is Canada's pioneer of World Class Cricket. ATN operates a South Asian\n Radio Service on Satellite Radio across Canada and the United States.\n We are publicly traded on the Toronto Stock Exchange Venture\n (TSXV-SAT). For more information please visit www.asiantelevision.com\n\n\nNeither the Toronto Venture Exchange, nor its regulation services\n provider (as that term is defined in the policies of the exchange),\n accepts responsibility for the adequacy or accuracy of thi...

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