ATN reports a net income of $471,283 on revenues of $6,441,117 for the 3 months ended June 30, 2015 and a net income of $832,729 on revenues of $12,668,000 for the 6 months ended June 30, 2015

ATN reports a net income of $471,283 on revenues of $6,441,117 for the 3 months ended June 30, 2015 and a net income of $832,729 on revenues of $12,668,000 for the 6 months ended June 30, 2015

TORONTO, Aug. 27, 2015 /CNW/ - Asian Television Network International Limited (ATN) (TSX-V-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its second quarter 2015 consolidated financial and operating results for the three and six months ended June 30, 2015, in accordance with International Financial Reporting Standards ("IFRS").

Summarized Consolidated Financial Results

Three and six months ended June 30, 2015 and June 30, 2014


Three months ended June 30, Six months ended June 30,


2015 2014 2015 2014

Operating
revenue $6,441,117 $6,287,955 $12,668,000 $12,616,914
--------- ---------- ---------- ----------- -----------


Total
operating
expenses 5,795,330 5,518,104 11,526,085 11,081,873
---------- --------- --------- ---------- ----------

Income
before
taxes 645,787 1,069,851 1,141,915 1,535,041

Income
tax
expense 174,504 299,657 309,186 423,083
-------- ------- ------- ------- -------


Net
income
for
the
period $471,283 $770,194 $832,729 $1,111,958
======= ======== ======== ======== ==========

Basic
and
Diluted
Earnings
per
share $0.02 $0.03 $0.03 $0.05




For details please refer to the MD&A and the Complete Financial Statements filed with Sedar.

We are a Canadian media company with all of our operations in Canada. ATN serves Canada's diverse cultural communities with 54 premium specialty television channels. ATN offers its flagship general interest service "ATN HD", several Bollywood movie channels with hundreds of movies a month, and a variety of channels that include sports, news, music, lifestyle, spiritual and several regional language channels. ATN is Canada's pioneer of World Class Cricket. ATN operates a South Asian Radio Service on Satellite Radio across Canada and the United States. We are publicly traded on the Toronto Stock Exchange Venture (TSXV-SAT). For more information please visit www.asiantelevision.com

Neither the Toronto Venture Exchange, nor its regulation services provider (as that term is defined in the policies of the exchange), accepts responsibility for the adequacy or accuracy of this release

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements.

The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.

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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