ATN Reports a Net Income of $626,795 on Revenues of $6,995,882 for the 3 Months Ended September 30, 2014 and a Net Income of $1,738,753 on Revenues of $19,612,796 for the 9 Months Ended September 30, 2014.

ATN Reports a Net Income of $626,795 on Revenues of $6,995,882 for the 3 Months Ended September 30, 2014 and a Net Income of $1,738,753 on Revenues of $19,612,796 for the 9 Months Ended September 30, 2014.

TORONTO, Nov. 24, 2014 /CNW/ - Asian Television Network International Limited (ATN) (TSX-V-SAT) Canada's Pioneer South Asian Broadcaster is pleased to announce its third quarter 2014 consolidated financial and operating results for the 3 months and nine months ended September 30, 2014, in accordance with International Financial Reporting Standards ("IFRS").

Summarized Consolidated Financial Results

Three and nine months ended September 30, 2014 and September 30, 2013




Three months ended September 30, Six months ended September 30,



2014 2013 2014 2013

Operating revenue $6,995,882 6,898,085 $19,612,796 $20,575,218


Administrative
expenses 577,775 592,460 1,592,977 1,710,383

Marketing and
distribution costs 4,322,933 4,393,505 11,813,191 12,869,573

Employee costs 1,099,349 1,082,333 3,340,130 3,121,953

Depreciation,
amortization and
impairments 141,046 132,607 424,211 401,870

Finance costs 17,644 23,350 56,775 74,006

Loss (gain) on
exchange difference (724) 5,463 12,612 16,533
-------------------- ---- ----- ------ ------

Total operating
expenses 6,158,023 6,229,718 17,239,896 18,194,318
--------------- --------- --------- ---------- ----------

Income before taxes 837,859 668,367 2,372,900 2,380,900

Income tax expense 211,064 144,722 634,147 628,064
------------------ ------- ------- ------- -------

Net income for the
period $626,795 $523,645 $1,738,753 $1,752,836
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Basic and Diluted
Earnings per share $0.03 $0.02 $0.07 $0.07




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 53 premium specialty television channels. ATN offers its flagship general interest service "ATN HD", several Bollywood movie channels with hundreds of 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 (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

Web Site: http://www.asiantelevision.com


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