ATN Reports a Net Income of $5.3 Million on Revenues of $28 Million for the 12 Months Ended December 31, 2011.

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, April 2, 2012 /CNW/ - Asian Television Network International Limited (ATN) (TSX-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its\n audited annual consolidated financial and operating results for the 12\n months ended December 31, 2011, in accordance with International\n Financial Reporting Standards (\"IFRS\").\n\n\nFinancial highlights are as follows:\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nYears ended December 31, \n\n\n2011\n\n\n2010\n\n\n% Change\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nOperating revenue\n\n\n$27,964,020\n\n\n$21,320,301\n\n\n+31%\n\n\nAdministrative expenses\n\n\n1,908,182\n\n\n1,611,741\n\n\n+18%\n\n\nMarketing and distribution costs\n\n\n15,622,207\n\n\n14,165,419\n\n\n+10%\n\n\nEmployee costs\n\n\n2,880,746\n\n\n2,406,103\n\n\n+20%\n\n\nDepreciation, amortization and impairments\n\n\n174,126\n\n\n174,387\n\n\n+0%\n\n\nFinance costs\n\n\n9,186\n\n\n15,425\n\n\n-40%\n\n\n(Gain) loss on exchange difference\n\n\n(10,746)\n\n\n8,727\n\n\n-223%\n\n\nIncome from operation\n\n\n7,380,319\n\n\n2,938,499\n\n\n+151%\n\n\nIncome tax expense\n\n\n2,082,859\n\n\n932,249\n\n\n+123%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNet income for the year\n\n\n5,297,460\n\n\n2,006,250\n\n\n+164%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nEarnings per share\n\n\n.22\n\n\n.08\n\n\n+164%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nCash flows from operations\n\n\n$5,771,752\n\n\n$1,660,961\n\n\n+247%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nOperating profit (EBITDA)\n\n\n$7,552,885\n\n\n$3,137,038\n\n\n+141%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nEarnings per share (EBITDA)\n\n\n.31\n\n\n.13\n\n\n+141%\n\n\n\"We are very encouraged by the growth of our business and the trend this\n sets is a significant and positive sign for the future\" says Dr. Shan\n Chandrasekar President & CEO.\n\n\n\"ATN delivered an impressive top and bottom-line growth in 2011\" says\n Kyrill Classen Chief Financial Officer.\n\n\nATN serves Canada's diverse cultural communities with 34 premium\n specialty television channels. ATN offers its flagship general interest\n service, Several Bollywood movie channels , and a variety of channels\n that include 3 sports Channels, 3 news Channels , 3 music Channels , 2\n lifestyle Channels,...

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