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