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Posts tagged with "2GO Group"

2GO sustains P188M loss in H1 amid shipping, fuel woes

2GO sustains P188M loss in H1 amid shipping, fuel woes

Aug. 13 | Image by OpenClipart-Vectors from Pixabay 2GO Group, Inc. incurred a net loss of P188 million in the first half of 2019, down from a net income of P197 million for the same period in 2018 as shipping revenues continue to decline and cost of services increased. The...

4 shipping lines deployed to Iloilo-Guimaras route

4 shipping lines deployed to Iloilo-Guimaras route

Aug. 12 | Image by Rudy and Peter Skitterians from Pixabay The Maritime Industry Authority (MARINA) has directed four shipping companies to serve the Iloilo-Guimaras route to accommodate current passenger traffic while it investigates the August 3 capsizing of...

2GO returns to loss in Q1

2GO returns to loss in Q1

May. 21 | Image by Elias Schäfer from Pixabay The 2GO Group, Inc. recorded a net loss of P291 million in the first quarter of 2019, a reversal from the net income of P38.437 million achieved in the same period last year. The group’s revenue increased by 11%...

2GO’s loss balloons to P1.3B in 2018

2GO’s loss balloons to P1.3B in 2018

Apr. 17 | Image by Elias Schäfer from Pixabay 2GO Group, Inc. and its subsidiaries posted a net loss of P1.3 billion in 2018, an increase from the P310 million net loss in 2017. Revenues increased by 2% to P21.990 billion in 2018 from P21.551 billion 2017 due...

2GO Group swings to P714M loss in first three quarters

2GO Group swings to P714M loss in first three quarters

Dec. 10 | 2GO Group, Inc. has incurred a net loss after tax of P714 million in the first nine months of 2018, a reversal from the P76 million net income during the same period in 2017. The revenue decreased 7% to P15.466 billion in the period January to September...

Chelsea Logistics’ Q1-Q3 income drops 72%

Chelsea Logistics’ Q1-Q3 income drops 72%

Nov. 18 | Chelsea Logistics Holdings Corp. (CLC) reported a net income of P43.013 million for the first nine months of 2018, a 72% decrease from P152 million earned over the same period last year. In a statement, CLC attributed its lackluster performance to the...

2Go revives Manila-Davao service

2Go revives Manila-Davao service

Nov. 2 | The MV St. Michael the Archangel, a 1,900-capacity passenger and roll-on/roll-off ship, has been deployed on the three-day, two-night service (one way). Davao City—The 2Go Group, Inc. formally launched on Oct 28 its service reconnecting Manila and Davao. The...

2GO income soars 68% in first half from solid non-shipping performance

2GO income soars 68% in first half from solid non-shipping performance

Aug. 15 | 2GO Group, Inc. posted a net income of P201.126 million in the first half of 2018, a 68% improvement from the P120.075 million it earned in the same period in 2017 as its non-shipping businesses recorded higher revenues. For the second quarter of 2018...

PCC oks Chelsea acquisition of KGLI, but voids Trans-Asia takeover

PCC oks Chelsea acquisition of KGLI, but voids Trans-Asia takeover

Jul. 4 | The Philippine Competition Commission (PCC) has cleared Chelsea Logistics Holdings Corp’s (CLHC) acquisition of KGLI-NM Holdings, Inc., which controls the 2Go Group, Inc., but nullified CLHC’s acquisition of Trans-Asia Shipping Lines, Inc. PCC in...

CLC 2017 revenue up 140% after acquiring stake in other logistics firms

CLC 2017 revenue up 140% after acquiring stake in other logistics firms

Mar. 5 | Philippine supply chain company Chelsea Logistics Holdings Corp. (CLC) has reported a net profit of P161 million in 2017, or 22% higher than the P137 million earned in 2016. The net profit includes a one-time gain on bargain purchase amounting to P158...