Friday, August 23, 2013

BOL revenue up, profit down in Q2

News this week: Last week, Bangkok-based business information provider, Business Online (BOL), reported its financial results for the quarter ended 30th June 2013. Revenues for the quarter were US$3.4 million, an increase of 20% over the same period last year. However, net profit for the period was down by 32% to US$587,000.

BOL also released its results for the six months ended 30th June. Revenues in the first half were US$6.2 million, a 16% increase compared with the first half of 2012. More than half of the company’s revenues, or US$3.6 million, were generated from its online information services. The remaining revenues were generated from its other services” and other income” segments.

The company posted a net income of US$1.1 million in the first half, which was down 19% compared with 2012. BOL’s management reported that diluted earnings per share for the six-month period were Baht 0.04 (US$0.0013).

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