ATN reports a net income of $546,842 on revenues of $6,826,630 for the 3 months ended March 31, 2013.

ATN reports a net income of $546,842 on revenues of $6,826,630 for the 3 months ended March 31, 2013.


TORONTO, May 28, 2013 /CNW/ - Asian Television Network International Limited (ATN) (TSX-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its
first quarter 2013 consolidated financial and operating results for the
3 months ended March 31, 2013, in accordance with International
Financial Reporting Standards ("IFRS").


Financial highlights are as follows:







Three months ended March 31, 2013



Operating revenue $6,826,630

Administrative expenses 564,972

Marketing and distribution costs 4,390,781

Employee costs 951,941

Depreciation, amortization and impairments 134,012

Finance costs 25,907

Loss (gain) on exchange difference 7,547

Total operating expenses 6,075,160

Income before taxes 751,470

Income tax expense 204,842

Net income for the period 546,842

Earnings per share .02

Cash flows from operations $721,904







For details please refer to the MD&A and the Complete Financial
Statements filed with Sedar.



We are a Canadian media company with all of our operations in Canada.
ATN serves Canada's diverse cultural communities with 40 premium
specialty television channels. ATN offers its flagship general interest
service "ATN HD", several Bollywood movie channels with over 800 movies
a month, and a variety of channels that include sports, news, music,
lifestyle, spiritual and several regional language channels. ATN is
Canada's pioneer of World Class Cricket. ATN operates a South Asian
Radio Service on Satellite Radio across Canada and the United States.
We are publicly traded on the Toronto Stock Exchange Venture (TSX-V:
TSXV-SAT). For more information please visit www.asiantelevision.com

Neither the Toronto Venture Exchange, nor its regulation services
provider (as that term is defined in the policies of the exchange),
accepts responsibility for the adequacy or accuracy of this release
Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results suggested
in any forward-looking statements.
The Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those reflected in the forward-looking statements unless and until
required by securities laws applicable to the Company. Additional
information identifying risks and uncertainties is contained in filings
by the Company with the Canadian securities regulators, which filings
are available at www.sedar.com.

 



 



 


SOURCE Asian Television Network International Limited

Asian Television Network International Limited

CONTACT: K. Classen CFO
Asian Television Network International Limited
Markham, Ontario L3R 8E4
905-948-8199


-------
Profile: intent