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Business Online Thailand (BOL) Revenues Drop 7.7% in 2012

Bangkok-listed business information provider, Business Online (BOL), reported revenues of US$12 million, down 7.7% year-on-year.   Net income for the year was US$2.8 million, flat compared with 2011. Diluted earnings for the period were Baht 0.11 per share.

The decrease in revenue was attributed to a drop in BOL’s “other service” segment, declining 22% to US$4.3 million.   That segment represents 35% of total revenues.  More than 60% of the revenues were generated from online information service activities, accounting for a total of US$7.7 million – up 1.6% over the previous year.

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

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