ATN reports net profit in Q3 after several quarters of losses

TORONTO – Asian Television Network International Limited (ATN), Canada’s largest South Asian broadcaster, reported Monday a net profit of $92,000 and EBITDA of $293,000 on revenues of $2 million in the third quarter of its 2023 fiscal year. This is a more positive financial picture than a year ago when ATN reported a net loss of $254,000 and EBITDA of $4,800 on revenues of $1.98 million for the three months ended Sept. 30, 2022. In its management’s discussion and analysis filed with SEDAR, ATN says its Q3 2023 revenue increased by 17 per cent compared to the second quarter of...