BOL’s revenues up 12% in 2023

Bangkok, 13th February: Business Online (BOL), a leading online information service provider in Thailand, has reported its financial results for the year ended 31st December 2023. Revenue for the year was US$23 million, representing year-on-year growth of 12%. BOL’s net profit for the year grew 7.2% reaching US8.4 million. Diluted earnings per share in 2023 was Baht 0.35 (US$0.0103).

More than 92% of BOL’s revenue was generated from its service business, amounting to US$21 million, an increase of 11% year-on-year. The remaining revenue was generated from dividend income (US$1.4 million) and “other income” (US$206,000).