BOL posts decrease in revenues and profit in Q3

Bangkok, 12th November: Business Online (BOL), a leading online information service provider in Thailand, has reported its financial results for the quarter ended 30th September 2024. Revenues in the quarter were US$6.01 million, representing a year-on-year decrease of 15%.

The company’s net profit also dropped 15% from the same quarter of 2023, down to US$2.6 million. The company attributed the decrease in revenues to the information services in the form of customized report, recognition from projects.

For the nine months ended 30th September, BOL reported revenues in the period decreased by 10% year-on-year, amounting at US$17.6 million. Its net profit in the nine-month period was US$7.1 million, representing a decrease of 8.5% from the same period last year. Diluted earnings per share in the first nine months of 2024 were Baht 0.28 (US$0.0086).