Business Online (BOL) Q2 2024 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2024 was THB 382.1 million, down from THB 408.4 million year-over-year.

• Net profit for the six-month period was THB 146.5 million, compared to THB 153.5 million in the prior year.

• The business remains focused on information services and related consulting, operating solely in Thailand.

Financial highlights

• Service income for the six months was THB 353.9 million, down from THB 372.5 million year-over-year.

• Dividend income for the period was THB 23.0 million, compared to THB 27.6 million last year.

• Operating profit for the six months was THB 169.5 million, down from THB 186.9 million year-over-year.

• Basic EPS for the six months was THB 0.18, compared to THB 0.19 in the prior year.

• Cash and cash equivalents increased to THB 394.9 million as of 30 June 2024, up from THB 311.6 million at year-end 2023.

Outlook and guidance

• An interim dividend of THB 0.145 per share (THB 118.97 million) was approved post-period and will be paid in September 2024.

• The company continues to invest in digital and information services, with ongoing service and license agreements supporting future revenue streams.