Revenue up, earnings down at ATN

TORONTO – While revenue jumped 19% in the third quarter to $3.36 million and by 54% to $11.75 million for the first three quarters of fiscal 2007, compared to the same time frames last year, net earnings fell off thanks to increased expenses at Asian Television Network. Expenses in the quarter and year to date, ended September 30th, rose by 60% and 74%, respectively, to $2.8 million and $8.75 million as compared to fiscal ‘06. That meant net earnings in the quarter fell to $68,000, well off the Q3 ’06 level of $527,000. While the company experienced growth overall in...