September 27, 2016 2:29 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. It engages in the domestic and international delivery of documents and parcels, money remittances, cash, certificate and visas, pouches and boxes, full container and loose cargo, and supply chain services; and warehousing and distribution, asset maintenance, and relocation services. The company also provides project management and consultancy services, such as transportation of heavy and bulk-sized equipment; and logistics services, such as ambient and temperature controlled distribution centers, forward stock locations, ambient and temperature controlled cross-do...

Times Plaza Building

15th Floor

United Nations Avenue corner Taft Avenue

Ermita

Manila,  1000

Philippines

Founded in 1949

Phone:

63 2 528 7412

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 Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

2GO Group Inc. announced earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net income attributable to parent equity holder of PHP 551,728,000 or PHP 0.23 per diluted share on operating revenue of PHP 5,616,757,000 compared to net income attributable to parent equity holder of PHP 578,412,000 or PHP 0.24 per diluted share on operating revenue of PHP 4,609,118,000 reported in the same period last year. Net income before tax was PHP 777,960,000 against PHP 903,218,000 reported last year. Book value per share at the end of the period was PHP 2.35 against PHP 2 reported at December 31, 2015. For the six months, the company reported net income attributable to parent equity holder of PHP 838,661,000 or PHP 0.34 per diluted share on operating revenue of PHP 9,789,994 compared to net income attributable to parent equity holder of PHP 848,232,000 or PHP 0.35 per diluted share on operating revenue of PHP 8,553,802,000 reported in the same period last year. Net income before tax was PHP 1,190,356 against PHP 1,204,394,000 reported last year.

2Go Group Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended of March 31, 2016

2GO Group Inc. reported unaudited consolidated earnings results for the first quarter ended of March 31, 2016. For the period, the company reported operating revenue of PHP 4,173,237,000 against PHP 3,944,684,000 a year ago. Net income before tax was PHP 412,398,000 against PHP 301,176,000 a year ago. Net income attributable to parent equity holder was PHP 286,936,000 or PHP 0.12 per basic and diluted share against PHP 269,820,000 or PHP 0.11 per basic and diluted share a year ago. Return on assets was 0.02%. Return on equity was 0.06%. EBITDA was PHP 783,400,000 against PHP 625,414,000 a year ago. Adjusted EBITDA was PHP 783,400,000 against PHP 625,414,000 a year ago. Net cash flows provided by operating activities were PHP 568,240,000 against PHP 177,951,000 a year ago. Additions to property and equipment were PHP 372,759,000 against PHP 390,192,000 a year ago. Additions to software were PHP 6,958,000 against PHP 1,372,000 a year ago.

2GO Group Inc. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015

2GO Group Inc. reported audited consolidated earnings results for the year ended December 31, 2015. For the period, the company reported operating revenue of PHP 16,418,049,000 against PHP 14,426,995,000 a year ago. Net income before tax was PHP 1,517,201,000 against PHP 888,113,000 a year ago. Net income attributable to parent equity holder was PHP 1,069,231,000 or PHP 0.44 per basic and diluted share against PHP 827,735,000 or PHP 0.34 per basic and diluted share a year ago. Return on assets was 0.07% against 0.06% a year ago. Return on equity was 0.24% against 0.24% a year ago. EBITDA was PHP 2,863,702,000 against PHP 2,024,473,000 a year ago. Adjusted EBITDA was PHP 3,019,619,000 against PHP 2,208,340,000 a year ago. Net cash flows provided by operating activities were PHP 1,270,205,000 against PHP 1,439,124,000 a year ago. Additions to property and equipment were PHP 1,151,607,000 against PHP 1,460,569,000 a year ago. Additions to software were PHP 16,249,000 against PHP 16,560,000 a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 9, 2016
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