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.
