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

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
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Total operating expenses 23,555,928 23,541,779
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Income before tax 2,546,755 2,883,837

Income tax expense 683,914 778,839
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Net income for the period $1,862,841 $2,104,998
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Basic and Diluted Earnings
per $0.08 $0.09
share


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

Asian Television Network International Limited

CONTACT: K. Classen, CFO, Asian Television Network International Limited, Markham, Ontario L3R 8E4, 905-948-8199

Web Site: http://www.asiantelevision.com


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