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BUSINESS ONLINE THAILAND Q2 REPORTS REVENUES INCREASE OF 27%

Business Online, the Bangkok-based business information provider and BIIA member, announced its financial results for the three months ended 30th June. Revenues for the quarter were US$1.6 million, an increase of 27% over the same period last year. Net income was US$511,000, a rise of more than 40% compared with the same quarter in 2007.  For the six months ended 30th June, revenues were US$3.4 million. That is a 20% increase over the first half of 2007. Net income in the first half was US$1.03 million, representing a jump of almost 43% over the same period of last year. BOL’s share price hit a new 52-week high (Baht 18.60) following the announcement of the results.

Source:  BOL Announcement

BIIA Newsletter September 2008

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