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
