ATN reports a net income of $682,562 on revenues of $6,850,502 for the 3 months ended June 30, 2013 and a net income of $1,229,190 on revenues of $13,677,133 for the 6 months ended June 30, 2013

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[{"type":"text","content":"\n\n\nTORONTO, Aug. 19, 2013 /CNW/ - Asian Television Network International Limited (ATN) (TSX-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its\n second quarter 2013 consolidated financial and operating results for\n the 3 months and six months ended June 30, 2013, in accordance with\n International Financial Reporting Standards (\"IFRS\").\n\n\nSummarized Consolidated Financial Results\nThree months and six months ended June 30, 2013 and June 30, 2012 and %\n Change\n\n\nThroughout this MD&A, percentage changes are calculated using numbers\n rounded as they appear.\n\n\n\n\n \n\n\nThree months ended June 30,\n\n\nSix months ended June 30,\n\n\n\n\n \n\n\n2013\n\n\n2012\n\n\n%Change\n\n\n2013\n\n\n2012\n\n\n%Change\n\n\n\n\nOperating revenue\n\n\n$6,850,502\n\n\n$6,362,976\n\n\n8%\n\n\n$13,677,133\n\n\n$12,715,544\n\n\n8%\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\n552,951\n\n\n453,454\n\n\n22%\n\n\n1,117,923\n\n\n1,021,664\n\n\n9%\n\n\n\n\nMarketing and distribution costs\n\n\n4,085,287\n\n\n3,896,278\n\n\n5%\n\n\n8,476,068\n\n\n7,787,798\n\n\n9%\n\n\n\n\nEmployee costs\n\n\n1,087,679\n\n\n720,570\n\n\n51%\n\n\n2,039,620\n\n\n1,483,917\n\n\n37\n\n\n\n\nDepreciation, amortization and impairments\n\n\n135,251\n\n\n43,167\n\n\n213%\n\n\n269,264\n\n\n86,406\n\n\n212%\n\n\n\n\nFinance costs\n\n\n24,749\n\n\n1,571\n\n\n1475%\n\n\n50,656\n\n\n4,023\n\n\n1159%\n\n\n\n\nLoss (gain) on exchange difference\n\n\n3,523\n\n\n5,614\n\n\n-37%\n\n\n11,070\n\n\n4,266\n\n\n159%\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\nTotal operating expenses\n\n\n5,889,440\n\n\n5,120,654\n\n\n15%\n\n\n11,964,601\n\n\n10,388,074\n\n\n15%\n\n\n\n\nIncome before taxes\n\n\n961,062\n\n\n1,242,322\n\n\n-23%\n\n\n1,712,532\n\n\n2,327,470\n\n\n-26%\n\n\n\n\nIncome tax expense\n\n\n278,500\n\n\n298,251\n\n\n-7%\n\n\n483,342\n\n\n605,926\n\n\n-20%\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$682,562\n\n\n$944,071\n\n\n-28%\n\n\n$1,229,190\n\n\n$1,721,544\n\n\n-29%\n\n\n\n\nBasic and Diluted Earnings per share\n\n\n$0.03\n\n\n$0.04\n\n\n-28%\n\n\n$0.05\n\n\n$0.07\n\n\n-29%\n\n\n\n\n \n\n\n \n\n\n \n\n\...

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