Radio / Television News

Profits climb 210% at ATN

TORONTO – Asian Television Network International (ATN) continued to see triple digit increases in profits after announcing its third quarter results on Thursday. Net income for the quarter ended September 30 was $3.85 million, up from $1.24 million in the same period last year.  Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter were $5.73 million, a 164% increase from $2.20 million in 2010.  "We are very encouraged by the growth of our business and the trend this sets for the future" said president and CEO Dr. Shan Chandrasekar, in a statement.