ATN reports a net profit of $1,721,540 on revenues of $12,693,670 for the 6 months ended June 30, 2012

ATN reports a net profit of $1,721,540 on revenues of $12,693,670 for the 6 months ended June 30, 2012


TORONTO, Aug. 13, 2012 /CNW/ - Asian Television Network International Limited (ATN) (TSX: SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its
second quarter 2012 consolidated financial and operating results for
the 3 and 6 months ended June 30, 2012, in accordance with
International Financial Reporting Standards ("IFRS").


Financial highlights are as follows:




Three months ended June 30, Six months ended June 30,



2012 2011 % Chg 2012 2011 % Chg

Operating $6,362,975 $6,953,691 -8% $12,683,670 $14,377,791 -12%
revenue

Administrative 453,888 463,173 -2% 1,000,222 898,603 +11%
expenses

Marketing and 3,895,845 3,485,243 +12% 7,787,366 7,829,505 -1%
distribution
costs

Employee costs 720,570 714,850 +1% 1,483,917 1,377,430 +8%

Depreciation, 43,165 37,892 +14% 86,409 75,062 +15%
amortization
and
impairments

Finance costs 1,571 2,166 -27% 4,023 3,029 +33%

(Gain) loss on 5,614 (2,444) -330% 4,267 (3,548) -220%
exchange
difference

Income from 1,242,322 2,252,811 -45% 2,327,466 4,197,710 -45%
operation

Income tax 298,251 692,763 -57% 605,926 1,295,681 -53%
expense

Net income for 944,071 1,560,048 -39% 1,721,540 2,902,029 -41%
the period

Earnings per .04 .06 -39% .07 .12 -41%
share

Cash flows $2,123,045 $1,704,713 +25% $2,332,353 $3,501,270 -33%
from
operations






ATN serves Canada's diverse cultural communities with 34 premium
specialty television channels. ATN offers its flagship general interest
service, Several Bollywood movie channels , and a variety of channels
that include 3 sports Channels, 3 news Channels , 3 music Channels , 2
lifestyle Channels, 3 Chinese Channels and several General interest and
regional language channels. ATN is one of Canada's largest distributors
of World Class Cricket. ATN operates the only South Asian Radio Service
24 hours a day on XM across The United States and Canada. ATN video
content is also available on any Bell mobile phone that supports video.
ATN has programming alliances with leading international broadcasters.
For more information please visit www.asiantelevision.com

Neither the Toronto Venture Exchange, nor its regulation services
provider (as that term is defined in the policies of the exchange),
accepts responsibility for the adequacy or accuracy of this release

Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results suggested
in any forward-looking statements.

The Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those reflected in the forward-looking statements unless and until
required by securities laws applicable to the Company. Additional
information identifying risks and uncertainties is contained in filings
by the Company with the Canadian securities regulators, which filings
are available at www.sedar.com.


 


SOURCE Asian Television Network International Limited

Asian Television Network International Limited

CONTACT: K. Classen CFO
Asian Television Network International Limited
Markham, Ontario L3R 8E4
905-948-8199


-------
Profile: intent