Bangkok, 12th May: Bangkok-listed business information provider, Business Online (BOL) announced first quarter results this week.  Revenues were US$1.4 million, down 22% year-on-year. The company attributed the decrease to a project worth Baht 14-15 million (US$405,000-US$435,000) which has been significantly delayed. BOL remained profitable. The company’s net income in the first quarter was US$209,000, a drop of 59% compared with the same period in 2008. BOL’s management also reported that diluted earnings per share for the quarter was Baht 0.01.   Source: BOL press release  Courtesy of Business Strategies Group

BIIA Newsletter May 2009 Issue