Friday, August 15, 2014

BOL revenue down, profit up 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 2014. Revenues for the quarter were US$2.9 million, a decrease of 11% compared with the same period last year. However, net profit for the period grew by 13% to US$637,000. More than 55% of revenues were generated from its flagship online information services – amounting to US$1.6 million.

BOL also released its results for the six months ended 30th June. Revenues in the first half of 2014 were US$6.3 million, a 6.2% increase over the previous year. More than half of the company’s revenues, US$3.3 million, were generated from its flagship online information services. The remaining revenues were generated from its “other services” and “other income” segments. The company did not supply additional details related to its revenue categories.

The company posted a net income of US$1.2 million in the first half, which rose 16% compared with 2013. BOL’s management reported that diluted earnings per share for the six-month period were Baht 0.05 (US$0.0015).

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