Despite ad gains, 2015 profits tumble 12% at ATN

TORONTO - Asian Television Network (ATN) reported a net income of $538,417 on revenues of $6.84 million for the fourth quarter ended December 31, 2015.While operating revenue was virtually unchanged year-over-year, net profits jumped 47% over the same period in 2014, which the broadcaster attributed to a surge in advertising revenue as a result of a stronger advertising market. EBITDA for the quarter was $963,003, up 44% from $667,306 year-over-year.Broken down by segment, ATN's subscription revenues for the period fell 5% to $4.94 million; advertising revenue increased 16% to $1.70 million; and programming revenue climbed 72% to $189,505.For the 12 month...