ATN marks healthy Q1, debt free status

TORONTO - Asian Television Network not only recorded a sizeable profit for its first quarter of 2010, it also announced that the company is officially debt free.The South Asian broadcaster made its final payment of its long term debt on May 27, at the same time as it reported a before tax profit of over a $500,000, an increase over the first quarter of 2009 of almost $200,000.“This increase reflects the overall growth of our business and is setting the trend for the future," said president and CEO Shan Chandrasekar, in a statement.www.asiantelevision.com