ATN reports a net income of $200,653 on revenues of $6,091,874 for the 3 months ended March 31, 2016

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
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Total operating expenses 5,798,262 5,730,755
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Income before taxes 293,612 496,128

Income tax expense 92,959 134,682
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Net income for the period $200,653 $361,446
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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

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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