ATN reports a net income of $565,084 on revenues of $24,006,724 for the 12 months ended December 31, 2016

TORONTO, April 28, 2017 /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, 2016, in accordance with International Financial Reporting Standards ("IFRS").













2016

2015

Operating revenue





$24,006,724

$26,102,683

Total operating expenses





23,229,449

23,555,928

Income before tax





777,275

2,546,755

Income tax expense





212,191

683,914

Net income for the period





$565,084

$1,862,841

Basic and Diluted Earnings per share





$0.02

$0.08








EBITDA





$1,799,881

$3,367,234















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 55 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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