Sunday, November 14, 2010

News this week: BOL's Q3 revenues up 22%

Bangkok, 9th November: Business Online (BOL), a Bangkok-based business information provider, announced its financial results for the quarter ended 30th September. Revenues for the quarter were US$2.2 million, an increase of 22% over the same quarter last year. Net income was US$487,000, a 14% growth compared with the same quarter in 2009.

BOL also announced results for the nine months ended 30th September. Revenues were US$6.7 million, an 18% increase over the same period in 2009. About 70% of the revenues (US$4.7 million) were generated from its online information service. Net income in the period was US$1.46 million, a drop of 8.7% from US$1.6 million recorded last year.

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