Business Strategies Group

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BOL net income jumps 32% in Q2

Bangkok, 5th August: Last week, Business Online (BOL), a leading online information service provider in Thailand, reported its financial results for the quarter ended 30th June 2021. Revenues during the quarter were US$5.4 million, representing a year-on-year increase of 4.3%. The company’s net income grew by 32%, reaching US$2.1 million.

The company attributed the increase in net income to the growth in revenues from special projects and other income, including gains from exchange rate adjustment and a reversal adjustment of doubtful expenses, as well as a decrease in expenses.