ATN reports a net income of $523,645 on revenues of $6,898,085 for the 3 months ended September 30, 2013 and a net income of $1,752,836 on revenues of $20,575,218 for the 9 months ended September 30, 2013

ATN reports a net income of $523,645 on revenues of $6,898,085 for the 3 months ended September 30, 2013 and a net income of $1,752,836 on revenues of $20,575,218 for the 9 months ended September 30, 2013


TORONTO, Nov. 11, 2013 /CNW/ - Asian Television Network International Limited (ATN) (TSX: SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its
third quarter 2013 consolidated financial and operating results for the
3 months and nine months ended September 30, 2013, in accordance with
International Financial Reporting Standards ("IFRS").


Summarized Consolidated Financial Results

Three months and nine months ended September 30, 2013 and September 30,
2012.




Three months ended Nine months ended September
September 30, 30,

2013 2012 2013 2012

Operating $6,898,085 $6,290,447 $20,575,218 $18,984,116
revenue



Administrative 592,460 725,628 1,710,383 1,725,416
expenses

Marketing and 4,393,505 3,836,234 12,869,573 11,624,033
distribution
costs

Employee costs 1,082,333 890,424 3,121,953 2,374,342

Depreciation,
amortization
and
impairments 132,607 149,259 401,870 233,542

Finance costs 23,350 1,178 74,006 5,201

Loss (gain) on 5,463 7,069 16,533 11,335
exchange
difference

Total 6,229,718 5,609,792 18,194,318 15,973,869
operating
expenses

Income before 668,367 680,655 2,380,900 3,010,247
taxes

Income tax 144,722 205,690 628,064 811,616
expense



Net income for $523,645 $474,965 $1,752,836 $2,198,631
the period

Basic and $0.02 $0.02 $0.07 $0.09
Diluted
Earnings per
share








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



We are a Canadian media company with all of our operations in Canada.
ATN serves Canada's diverse cultural communities with 46 premium
specialty television channels. ATN offers its flagship general interest
service "ATN HD", several Bollywood movie channels with over 800 movies
a month, and a variety of channels that include sports, news, music,
lifestyle, spiritual and several regional language channels. ATN is
Canada's pioneer of World Class Cricket. ATN operates a South Asian
Radio Service on Satellite Radio across Canada and the United States.
We are publicly traded on the Toronto Stock Exchange Venture (TSX-V:
TSXV-SAT). 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


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