BOL’s profits up 24% in 2020

Bangkok, 11th February: Business Online (BOL), a leading online information service provider in Thailand, announced that it recorded revenues of US$21 million for the year ended 31st December 2020, representing a 17% year-on-year increase. BOL’s net profit for the year grew 24%, reaching US$6.0 million. Diluted earnings per share in 2020 were THB 0.22 (US$0.0073).

More than 95% of BOL’s revenues were generated from its service business, amounting to US$20 million. This business increased by 17% year-on-year. The remaining revenues were generated from dividend income (US$880,000) and “other income” (US$92,000).