Bangkok, 14th February: Last week, Business Online (BOL), a leading online information service provider in Thailand, reported its financial results for the year ended 31st December 2017. Total revenues were US$13.4 million, representing a 9.3% year-on-year increase. BOL’s net profit grew 5.5%, reaching US$2.3 million. Diluted earnings per share in 2017 were Baht 0.10 (US$0.0029).
BOL remains comparatively strong in its core business where it generated revenues of US$12.7 million, representing a 9.5% increase. This business accounts for more than 94% of BOL’s total revenues. The remaining revenues were generated from “other income” amounting to US$683,000. That is a year-on-year increase of 5.4%.