Friday, August 17, 2012

BOL revenues down, profits up

News this week: Business Online (BOL), Bangkok-based business information provider, has reported on financial results for the quarter ended 30th June 2012. Revenues for the quarter were US$2.8 million, a decrease of 7.3% over the same period last year. Profits for the period were US$850,000, up 13% from last year.

For the six months ended 30th June, revenues were US$5.2 million. That is a decrease of 9% over the first half of 2011. Approximately 67% of revenues or US$3.5 million were generated from its online information services. Net income in the first half was US$1.3 million, a jump of 20% over H1 last year. BOL’s management reported that diluted earnings for the first half were Baht 0.05 (US$0.0016) per share.

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