BOL 150Business Online (BOL), a leading online information service provider in Thailand, reported total revenues of US$9.5 million in 2015 – that is down by 25% year-on-year. BOL’s net profit also fell – dropping 23% year-on-year to just US$1.7 million.

The company noted its performance in Q3 and Q4 were particularly weak as revenues shifted from growth into decline. The company remains comparatively strong in its core business – online information services – with revenues of over US$6.9 million – representing an 8.1% increase. Declining revenues in its other business lines were responsible for the weak performance in 2015.

Source:  Business Strategies Group Hong Kong  –  www.bsgasia.com