ATN reports a net income of $670,194 on revenues of $6,287,955 for the 3 months ended June 30, 2014 and a net income of $1,111,958 on revenues of $12,616,914 for the 6 months ended June 30, 2014.

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[{"type":"text","content":"\n\nTORONTO, Aug. 28, 2014 /CNW/ -Asian Television Network International Limited (ATN) (TSX-V-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its second quarter 2014 consolidated financial and operating results for the 3 months and six months ended June 30, 2014, in accordance with International Financial Reporting Standards (\"IFRS\").\n\nSummarized Consolidated Financial Results\n\nThree and six months ended June 30, 2014 and June 30, 2013 and % Change\n\nPercentage changes are calculated using numbers rounded as they appear.\n\n\n\n\n\nThree months ended June 30,\n\n\n\nSix months ended June 30,\n\n\n\n\n2014\n\n\n2013\n\n\n%Change\n\n\n2014\n\n\n2013\n\n\n%Change\n\n\n\nOperating revenue\n\n\n$6,287,955\n\n\n6,850,502\n\n\n-8%\n\n\n$12,616,914\n\n\n$13,677,133\n\n\n-8%\n\n\n\n\n\n\n\n\n\n\n\nAdministrative expenses\n\n\n497,556\n\n\n552,951\n\n\n-10%\n\n\n1,015,202\n\n\n1,117,923\n\n\n-9%\n\n\n\nMarketing and distribution costs\n\n\n3,409,121\n\n\n4,085,287\n\n\n-17%\n\n\n7,490,258\n\n\n8,476,068\n\n\n-12%\n\n\n\nEmployee costs\n\n\n1,150,474\n\n\n1,087,679\n\n\n6%\n\n\n2,240,781\n\n\n2,039,620\n\n\n10%\n\n\n\nDepreciation, amortization and impairments\n\n\n140,759\n\n\n135,251\n\n\n4%\n\n\n283,165\n\n\n269,264\n\n\n5%\n\n\n\nFinance costs\n\n\n19,068\n\n\n24,749\n\n\n-23%\n\n\n39,131\n\n\n50,656\n\n\n-23%\n\n\n\nLoss (gain) on exchange difference\n\n\n1,126\n\n\n3,523\n\n\n-68%\n\n\n13,336\n\n\n11,070\n\n\n20%\n\n\n\nTotal operating expenses\n\n\n5,218,104\n\n\n5,889,440\n\n\n-11%\n\n\n11,081,873\n\n\n11,964,601\n\n\n-7%\n\n\n\nIncome before taxes\n\n\n1,069,851\n\n\n961,062\n\n\n11%\n\n\n1,535,041\n\n\n1,712,532\n\n\n-10%\n\n\n\nIncome tax expense\n\n\n299,657\n\n\n278,500\n\n\n8%\n\n\n423,083\n\n\n483,342\n\n\n-12%\n\n\n\nNet income for the period\n\n\n$770,194\n\n\n$682,562\n\n\n13%\n\n\n$1,111,958\n\n\n$1,229,190\n\n\n-10%\n\n\n\nBasic and Diluted Earnings per share\n\n\n$0.03\n\n\n$0.03\n\n\n13%\n\n\n$0.05\n\n\n$0.05\n\n\n-10%\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\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\",...

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