An anonymous director reports
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
Asian Television Network International Ltd. has released its 2014 third quarter consolidated financial and operating results for the three months and nine months ended Sept. 30, 2014, in accordance with international financial reporting standards (IFRS).
SUMMARIZED CONSOLIDATED FINANCIAL RESULTS
Three months ended Sept. 30, Six months ended Sept. 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
Basic and diluted earnings per share $0.03 $0.02 $0.07 $0.07
For details, please refer to the management discussion and analysis and the complete financial statements filed with SEDAR.
We seek Safe Harbor.
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