Bangkok, 13th May: Business Online (BOL), a leading online information service provider in Thailand, announced that it recorded revenues of US$5.01 million for the quarter ended 31st March 2022, representing a 5.3% year-on-year increase. BOL’s net profit for the year grew 17%, reaching US$1.8 million. Diluted earnings per share in the first quarter of 2022 were THB 0.075 (US$0.0022).

Most of BOL’s revenues were generated from its service business, amounting to US$4.9 million. This business increased by 7.2% year-on-year. The remaining revenues were generated from “other income” (US$87,000).