Asian Television Network International LimitedTSXV: SAT

ATN reports a net income of $200,653 on revenues of $6,091,874 for the 3 months ended March 31, 2016

· Issued by Asian Television Network International Limited via CNW
ATN reports a net income of $200,653 on revenues of $6,091,874 for the 3 months ended March 31, 2016
ATN reports a net income of $200,653 on revenues of $6,091,874 for the 3 months ended March 31, 2016

Canada NewsWire

TORONTO, May 27, 2016

TORONTO, May 27, 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 first quarter 2016 consolidated financial and operating results for the three months ended March 31, 2016, in accordance with International Financial Reporting Standards ("IFRS").

Summarized Consolidated Financial Results

Three months ended March 31, 2016

Three months ended March 31,


2016

2015

Operating revenue


$6,091,874

$6,226,883

Total operating expenses


5,798,262

5,730,755

Income before taxes


293,612

496,128

Income tax expense


92,959

134,682

Net income for the period


$200,653

$361,446

Basic and Diluted Earnings per share


$0.01

$0.01














EBITDA


$507,983

$685,224







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

View original source (CNW)Company analysis