Bangkok, 13th November: Business Online (BOL), a leading online information service provider in Thailand, reported its financial results for the quarter ended 30th September 2020. Revenues grew 11% in the quarter, reaching US$5.6 million. Net profit in the quarter was US$1.95 million, an increase of 20% year-on-year.

The Bangkok-listed company attributed jump in revenues to an increase in special project revenues as well as higher income from its business information services and business decision-making systems in the quarter. The increase in profit was supported by a slowdown in the company’s spending as a result of the uncertainty and on-going impact of the COVID-19 pandemic on business operations.