News this week: Earlier this week, Bangkok-listed
business information provider, Business
Online (BOL), announced its financial
results for the year ended 31st December 2012. The
company reported revenues of US$12 million,
down 7.7% year-on-year. Net
income for the year was US$2.8
million, flat compared with 2011. Diluted earnings for the
period were Baht 0.11 per share.
The decrease in
revenue was attributed to a drop in BOL’s “other service” segment, declining 22% to US$4.3 million.
That segment represents 35%
of total revenues. More than 60% of the revenues were generated from online
information service activities, amounting a total of US$7.7 million - up 1.6% over the previous year.
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