ATN reports a net income of $2,488,480 on revenues of $27,374,134 for the 12 months ended December 31, 2013.

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[{"type":"text","content":"\n\nTORONTO, April 23, 2014 /CNW/ - Asian Television Network International Limited (ATN) (TSX-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its audited consolidated financial and operating results for the 12 months ended December 31, 2013, in accordance with International Financial Reporting Standards (\"IFRS\").\n\n\n\n\n\n\n\n\n2013\n\n\n2012\n\n\n\n\nOperating revenue\n\n\n\n\n\n$27,374,134\n\n\n$27,762,965\n\n\n\n\n\n\n\n\n\n\n\n\nAdministrative expenses\n\n\n\n\n\n2,291,892\n\n\n2,339,279\n\n\n\n\nMarketing and distribution costs\n\n\n\n\n\n17,182,149\n\n\n17,691,642\n\n\n\n\nEmployee costs\n\n\n\n\n\n4,244,084\n\n\n3,392,101\n\n\n\n\nDepreciation, amortization and impairments\n\n\n\n\n\n539,042\n\n\n360,836\n\n\n\n\nFinance costs\n\n\n\n\n\n95,691\n\n\n6,254\n\n\n\n\nGain on disposal of asset\n\n\n\n\n\n(372,669)\n\n\n-\n\n\n\n\nLoss (gain) on exchange difference\n\n\n\n\n\n21,630\n\n\n5,458\n\n\n\n\nTotal operating expenses\n\n\n\n\n\n24,001,819\n\n\n23,795,570\n\n\n\n\nIncome before taxes\n\n\n\n\n\n3,372,315\n\n\n3,967,395\n\n\n\n\nIncome tax expense\n\n\n\n\n\n883,835\n\n\n1,051,537\n\n\n\n\nNet income for the period\n\n\n\n\n\n$2,488,480\n\n\n$2,915,858\n\n\n\n\nBasic and Diluted Earnings per share\n\n\n\n\n\n$0.10\n\n\n$0.12\n\n\n\n\n\n\n\n\n\n\n\n\nEBITDA\n\n\n\n\n\n$4,007,049\n\n\n$4,334,485\n\n\n\n\n\n\n\n\n\n\nFor details please refer to the MD&A and the Complete Financial Statements filed with Sedar. \n\nWe are a Canadian media company with all of our operations in Canada. ATN serves Canada's diverse cultural communities with 51 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:SAT). For more information please visit www.asiantelevision.com\n\nNeither 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.\n\nC...

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