ATN reports a net income of $546,842 on revenues of $6,826,630 for the 3 months ended March 31, 2013

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Randi
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Asian Television Network International Limited (ATN) Canada’s Pioneer South Asian Broadcaster is pleased to announce its first quarter 2013 consolidated financial and operating results for the 3 months ended March 31, 2013, in accordance with International Financial Reporting Standards (“IFRS”).

Financial highlights are as follows:

Three months ended March 31, 2013
Operating revenue $6,826,630
Administrative expenses 564,972
Marketing and distribution costs 4,390,781
Employee costs 951,941
Depreciation, amortization and impairments 134,012
Finance costs 25,907
Loss (gain) on exchange difference 7,547
Total operating expenses 6,075,160
Income before taxes 751,470
Income tax expense 204,842
Net income for the period 546,842
Earnings per share .02
Cash flows from operations $721,904

 

For details please refer to the MD&A and the Complete Financial Statements filed with Sedar.