ATN reports a net income of $523,645 on revenues of $6,898,085 for the 3 months ended September 30, 2013 and a net income of $1,752,836 on revenues of $20,575,218 for the 9 months ended September 30, 2013

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[{"type":"text","content":"\n\n\nTORONTO, Nov. 11, 2013 /CNW/ - Asian Television Network International Limited (ATN) (TSX: SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its\n third quarter 2013 consolidated financial and operating results for the\n 3 months and nine months ended September 30, 2013, in accordance with\n International Financial Reporting Standards (\"IFRS\").\n\n\nSummarized Consolidated Financial Results\nThree months and nine months ended September 30, 2013 and September 30,\n 2012.\n\n\n\n\n \n\n\nThree months ended September 30,\n\n\n \n\n\nNine months ended September 30,\n\n\n\n\n \n\n\n2013\n\n\n \n\n\n2012\n\n\n \n\n\n2013\n\n\n2012\n\n\n \n\n\n\n\nOperating revenue\n\n\n$6,898,085\n\n\n \n\n\n$6,290,447\n\n\n \n\n\n$20,575,218\n\n\n$18,984,116\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nAdministrative expenses\n\n\n592,460\n\n\n \n\n\n725,628\n\n\n \n\n\n1,710,383\n\n\n1,725,416\n\n\n \n\n\n\n\nMarketing and distribution costs\n\n\n4,393,505\n\n\n \n\n\n3,836,234\n\n\n \n\n\n12,869,573\n\n\n11,624,033\n\n\n \n\n\n\n\nEmployee costs\n\n\n1,082,333\n\n\n \n\n\n890,424\n\n\n \n\n\n3,121,953\n\n\n2,374,342\n\n\n \n\n\n\n\nDepreciation, amortization and \nimpairments\n\n\n132,607\n\n\n \n\n\n149,259\n\n\n \n\n\n401,870\n\n\n233,542\n\n\n \n\n\n\n\nFinance costs\n\n\n23,350\n\n\n \n\n\n1,178\n\n\n \n\n\n74,006\n\n\n5,201\n\n\n \n\n\n\n\nLoss (gain) on exchange \ndifference\n\n\n5,463\n\n\n \n\n\n7,069\n\n\n \n\n\n16,533\n\n\n11,335\n\n\n \n\n\n\n\nTotal operating expenses\n\n\n6,229,718\n\n\n \n\n\n5,609,792\n\n\n \n\n\n18,194,318\n\n\n15,973,869\n\n\n \n\n\n\n\nIncome before taxes\n\n\n668,367\n\n\n \n\n\n680,655\n\n\n \n\n\n2,380,900\n\n\n3,010,247\n\n\n \n\n\n\n\nIncome tax expense\n\n\n144,722\n\n\n \n\n\n205,690\n\n\n \n\n\n628,064\n\n\n811,616\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet income for the period\n\n\n$523,645\n\n\n \n\n\n$474,965\n\n\n \n\n\n$1,752,836\n\n\n$2,198,631\n\n\n \n\n\n\n\nBasic and Diluted Earnings per \nshare\n\n\n$0.02\n\n\n \n\n\n$0.02\n\n\n...

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