ATN reports a net profit of $2.9 millon on revenues of $28 million for the 12 months ended December 31, 2012.

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, March 25, 2013 /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, 2012, in accordance with International\n Financial Reporting Standards (\"IFRS\").\n\n\nFinancial highlights are as follows:\n\n\nYears ended December 31, \n\n\n2012\n\n\n2011\n\n\n \n\n \n \n \n \n\nOperating revenue\n\n\n$27,762,965\n\n\n$27,964,020\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nIncome from operation\n\n\n3,967,395\n\n\n7,380,319\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNet income for the year\n\n\n2,915,858\n\n\n5,297,460\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nEarnings per share\n\n\n.12\n\n\n .22\n\n \n\n \n\n\n \n\n\n \n\n\n \n\n\nOperating profit (EBITDA)\n\n\n$4,334,485\n\n\n$7,563,635\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nEarnings per share (EBITDA)\n\n\n.18\n\n\n.31\n\n\n\n\n\n\"We ended the year on a positive note and we are excited with the\n upcoming launch of our ATN channel in High Definition\" says Dr. Shan\n Chandrasekar President & CEO.\n\n\n\"2012 was a transitional year for us at ATN, moving to our new location\n along with implementing our new broadcast centre, we still managed to\n record a modest bottom line. \" says Kyrill Classen Chief Financial\n Officer.\n\n\nATN serves Canada's diverse cultural communities with 35 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, 3 Chinese Channels and several General interest and\n regional language channels. ATN operates a South Asian Radio Service on\n Satellite Radio cross The United States and Canada. ATN video content\n is also available on any Bell mobile phone that supports video. ATN has\n programming alliances with leading international broadcasters. For more\n information please visit www.asiantelevision.com\n\n\nNeither the Toronto Venture Exchange, nor its regulation services\n provider (as that term is defined in the poli...

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