Asian Television Network International LimitedTSXV: SAT

ATN Reports a Net Income of $1,862,841 on Revenues of $26,102,683 for the 12 Months Ended December 31, 2015

· Issued by Asian Television Network International Limited via CNW
ATN Reports a Net Income of $1,862,841 on Revenues of $26,102,683 for the 12 Months Ended December 31, 2015
ATN Reports a Net Income of $1,862,841 on Revenues of $26,102,683 for the 12 Months Ended December 31, 2015

Canada NewsWire

TORONTO, April 25, 2016

TORONTO, April 25, 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 audited consolidated financial and operating results for the 12 months ended December 31, 2015, in accordance with International Financial Reporting Standards ("IFRS").



2015

2014

Operating revenue



$26,102,683

$26,425,616





Total operating expenses



23,555,928

23,541,779

Income before tax



2,546,755

2,883,837

Income tax expense



683,914

778,839





Net income for the period



$1,862,841

$2,104,998

Basic and Diluted Earnings per
share



$0.08

$0.09





EBITDA



$3,367,234

$3,521,194

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

K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199Copyright CNW Group 2016

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