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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


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