BOL’s Revenue Down 10%, Profits Up 38%

Posted by Joachim Bartels | May 11, 2012 | Business Information, Business Online/BOL, Credit Information, Marketing & Sales Information, Member, Member News, Public Sector Information, Thailand | 0 |

Business Online (BOL) a Bangkok-based business information provider, has announced its results for the quarter ended 31st March 2012. Revenues were US$2.5 million, down 10% year-on-year. BOL’s net income in the quarter was US$438,000, an increase of 38% compared to the same period in 2011. Diluted earnings per share in the period were Baht 0.02.

BOL’s online information service generated revenues of US$1.6 million – flat compared with last year and accounted for 63% of total revenues. Other service income dropped 25% to US$834,000 in the quarter and accounted for 34% of total revenues. The company attributed the decrease in other service income to the higher cost of services of a number of special projects underway.

Source: Business Strategies Group

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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