ATN reports a net income of $471,283 on revenues of $6,441,117 for the 3 months ended June 30, 2015 and a net income of $832,729 on revenues of $12,668,000 for the 6 months ended June 30, 2015

About this update from Asian Television Network International Limited

[{"type":"text","content":"\n\nTORONTO, Aug. 27, 2015 /CNW/ - Asian Television Network International Limited (ATN) (TSX-V-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its second quarter 2015 consolidated financial and operating results for the three and six months ended June 30, 2015, in accordance with International Financial Reporting Standards (\"IFRS\").\n\nSummarized Consolidated Financial Results\n\nThree and six months ended June 30, 2015 and June 30, 2014\n\n\n\n\n\nThree months ended June 30,\n\n\nSix months ended June 30,\n\n\n\n\n\n\n\n\n2015\n\n\n2014\n\n\n\n2015\n\n\n2014\n\n\n\n\nOperating revenue\n\n\n$6,441,117\n\n\n$6,287,955\n\n\n\n$12,668,000\n\n\n$12,616,914\n\n\n\n\n\n\n\n\n\n\n\n\nTotal operating expenses\n\n\n5,795,330\n\n\n5,518,104\n\n\n\n11,526,085\n\n\n11,081,873\n\n\n\n\nIncome before taxes\n\n\n645,787\n\n\n1,069,851\n\n\n\n1,141,915\n\n\n1,535,041\n\n\n\n\nIncome tax expense\n\n\n174,504\n\n\n299,657\n\n\n\n309,186\n\n\n423,083\n\n\n\n\n\n\n\n\n\n\n\n\nNet income for the period\n\n\n$471,283\n\n\n$770,194\n\n\n\n$832,729\n\n\n$1,111,958\n\n\n\n\nBasic and Diluted Earnings per share\n\n\n$0.02\n\n\n$0.03\n\n\n\n$0.03\n\n\n$0.05\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 Statements filed with Sedar. \n\nWe are a Canadian media company with all of our operations in Canada. ATN serves Canada's diverse cultural communities with 54 premium specialty television channels. ATN offers its flagship general interest service \"ATN HD\", several Bollywood movie channels with hundreds of movies a month, and a variety of channels that include sports, news, music, lifestyle, spiritual and several regional language channels. ATN is Canada's pioneer of World Class Cricket. ATN operates a South Asian Radio Service on Satellite Radio across Canada and the United States. We are publicly traded on the Toronto Stock Exchange Venture (TSXV-SAT). For more information please visit www.asiantelevision.com\n\nNeither the Toronto Venture Exchange, nor its regulation services provider (as that term is defined in the policies of the exchange), accepts responsibility for the adequacy or accuracy of this release\n\nCertain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to signific...

More updates from Asian Television Network International Limited