ATN Reports a Net Income of $626,795 on Revenues of $6,995,882 for the 3 Months Ended September 30, 2014 and a Net Income of $1,738,753 on Revenues of $19,612,796 for the 9 Months Ended September 30, 2014.

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[{"type":"text","content":"\n\nTORONTO, Nov. 24, 2014 /CNW/ - Asian Television Network International Limited (ATN) (TSX-V-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its third quarter 2014 consolidated financial and operating results for the 3 months and nine months ended September 30, 2014, in accordance with International Financial Reporting Standards (\"IFRS\").\n\nSummarized Consolidated Financial Results\n\nThree and nine months ended September 30, 2014 and September 30, 2013\n\n \n\n\n\n\n\nThree months ended September 30,\n\n\n\nSix months ended September 30,\n\n \n\n\n\n\n2014\n\n\n2013\n\n\n\n2014\n\n\n2013\n\n\n\n\nOperating revenue\n\n\n$6,995,882\n\n\n6,898,085\n\n\n\n$19,612,796\n\n\n$20,575,218\n\n\n\n\n\n\n\n\n\n\n\n\nAdministrative expenses\n\n\n577,775\n\n\n592,460\n\n\n\n1,592,977\n\n\n1,710,383\n\n\n\n\nMarketing and distribution costs\n\n\n4,322,933\n\n\n4,393,505\n\n\n\n11,813,191\n\n\n12,869,573\n\n\n\n\nEmployee costs\n\n\n1,099,349\n\n\n1,082,333\n\n\n\n3,340,130\n\n\n3,121,953\n\n\n\n\nDepreciation, amortization and impairments\n\n\n141,046\n\n\n132,607\n\n\n\n424,211\n\n\n401,870\n\n\n\n\nFinance costs\n\n\n17,644\n\n\n23,350\n\n\n\n56,775\n\n\n74,006\n\n\n\n\nLoss (gain) on exchange difference\n\n\n(724)\n\n\n5,463\n\n\n\n12,612\n\n\n16,533\n\n\n\n\nTotal operating expenses\n\n\n6,158,023\n\n\n6,229,718\n\n\n\n17,239,896\n\n\n18,194,318\n\n\n\n\nIncome before taxes\n\n\n837,859\n\n\n668,367\n\n\n\n2,372,900\n\n\n2,380,900\n\n\n\n\nIncome tax expense\n\n\n211,064\n\n\n144,722\n\n\n\n634,147\n\n\n628,064\n\n\n\n\nNet income for the period\n\n\n$626,795\n\n\n$523,645\n\n\n\n$1,738,753\n\n\n$1,752,836\n\n\n\n\nBasic and Diluted Earnings per share\n\n\n$0.03\n\n\n$0.02\n\n\n\n$0.07\n\n\n$0.07\n\n\n\n\n\n\n\n\n\n\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 53 premium specialty television channels. ATN offers its flagship general interest service \"ATN HD\", several Bollywood movie channels with hundreds of 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...

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