Bangkok, 20th February: Bangkok-listed business information provider, Business Online (BOL) announced full-year results this week. Revenues were US$7.3 million, up 3.2% year-on-year. The company’s management attributed the increase to an 8.3% growth in its core business which provides online financial information on Thai companies. The service is provided in cooperation with the Department of Business Development at the Ministry of Commerce in Thailand.

Net income in 2008 was US$2.1 million, a rise of almost 25% compared with 2007. BOL’s cost of service decreased by 7.1% to US$3.3 million which was responsible for some of the growth in the company’s net income. Source: BOL announcement

BIIA Newsletter March 2009 Issue