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

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

RELATED LINKS
http://www.asiantelevision.com

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