Bangkok, 14th February: Earlier this week, Business Online (BOL), a leading online information service provider in Thailand, released its financial results for the year ended 31st December 2022. Revenue for the year was US$20 million, representing a year-on-year growth of 7.4%. BOL’s net profit for the year grew 16%, reaching US$7.8 million. Diluted earnings per share in 2022 were Baht 0.33 (US$0.0096).

More than 93% of BOL’s revenue was generated from its service business, amounting to US$19 million, an increase of 7.5% year-on-year. The remaining revenue was generated from dividend income (US$1.1 million) and “other income” (US$193,000).