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April 18, 2015 9:27 AM ET

Marine

Company Overview of 2GO Group Inc.

Company Overview

2GO Group, Inc., together with its subsidiaries, provides shipping and logistics services in the Philippines and internationally. The company offers domestic and international delivery of parcel and documents, money remittances, bills payment, passport and visa, and less container load cargo; and supply chain services. It also provides project management and engineering services, such as transportation of heavy and bulk-sized equipment; warehousing and forward stock locations; ambient and chilled cross-docking; domestic freight forwarding and distribution; bundling and kitting; control tower solutions; and logistics solutions design and consultancy services. In addition, the company sells, m...

Times Plaza Building

15th Floor

United Nations Avenue Corner Taft Avenue

Ermita

Manila,  1000

Philippines

Founded in 1949

678 Employees

Phone:

63 2 528 7540

Key Executives for 2GO Group Inc.

2GO Group Inc. does not have any Key Executives recorded.

2GO Group Inc. Key Developments

2GO Group, Inc. Announces Board Changes

2GO Group Inc. approved resignation of Ms. Bei Xu and appointment of Mr. Michael Nikkel as her replacement. Mr. Nikkel will replace Ms. Bei Xu as member of the audit and corporate governance and risk Management Committees of the company, effective April 14, 2015.

2GO Group Inc. Appoints R.G. Manabat & Co. as External Auditor

During the Annual Meeting of the Stockholders held on 25 July 2014, the Stockholders of 2GO Group Inc. resolved to authorize the Board of Directors to appoint the company's external auditor from a short list to be prepared by the company's Audit Committee. The Board of Directors conditionally approved the engagement of R.G. Manabat & Co. last 10 December 2014 subject to the Board of Directors' confirmation of final approval at a later time. The Board of Directors confirmed and finally approved the engagement of R.G. Manabat on 09 January 2015.

2GO Group Inc. Announces Earnings Results for the Quarter and Year to Date Ended September 30, 2014

2GO Group Inc. announced earnings results for the quarter and year to date ended September 30, 2014. For the quarter, the company reported operating revenue was PHP 3,404,559,000 against PHP 2,844,550,000 a year ago. Net income before tax was PHP 99,932,000 against loss of PHP 91,704,000 a year ago. Net income after tax was PHP 433,983,000 against PHP 413,502,000 a year ago. Net income attributable to parent equity holder was PHP 109,207,000 against loss of PHP 125,313,000 a year ago. Diluted earnings per share were PHP 0.04 against PHP 0.05 a year ago. For the year to date, the company reported operating revenue was PHP 10,650,432,000 against PHP 10,527,334,000 a year ago. Net income before tax was PHP 720,223,000 against loss of PHP 495,247,000 a year ago. Net income after tax was PHP 633,762,000 against PHP 390,890,000 a year ago. Net income attributable to parent equity holder was PHP 622,201,000 against PHP 378,105,000 a year ago. Diluted earnings per share were PHP 0.25 against PHP 0.15 a year ago. Book value per share was PHP 1.51 against PHP 1.25 a year ago.

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