Business Online (BOL) Q3 2024 earnings summary

Executive summary

• Revenue for the nine-month period ended 30 September 2024 was THB 571.4 million, down from THB 636.0 million year-over-year.

• Net profit for the nine-month period was THB 230.5 million, compared to THB 251.9 million in the prior year.

• The business remains focused on online and offline information services, with all operations in Thailand.

Financial highlights

• Service income for the nine-month period was THB 528.3 million, a decrease from THB 577.5 million year-over-year.

• Dividend income for the nine-month period was THB 42.9 million, down from THB 49.0 million year-over-year.

• Operating profit for the nine-month period was THB 263.2 million, compared to THB 304.3 million year-over-year.

• Basic EPS for the nine-month period was THB 0.28, down from THB 0.31 year-over-year.

• Cash and cash equivalents as of 30 September 2024 stood at THB 312.6 million, up from THB 246.9 million at the end of Q3 2023.

Outlook and guidance

• Management expects no significant impact from new financial reporting standards effective from 2025.

• The company continues to invest in subsidiaries and digital capabilities.