Bangkok, 12th November: Business Online (BOL) announced its financial results for the quarter ended 30th September. Revenues for the quarter were US$1.7 million, a decrease of 24% over the same quarter last year. Net income was US$390,000, a drop of 3% compared with the same quarter in 2008. For the nine months ended 30th September, BOL’s revenues were US$5.2 million, an 8% decrease over the same period in 2008. Net income in the first nine months was US$1.5 million, roughly flat year-on-year. BOL’s management reported that diluted earnings for the first nine months were Baht 0.06 per share. Source: BOL news announcement

BIIA Newsletter January 2010 Issue