PMT Forum
How do you want to make money today?

PSE Stock: 2GO GROUP INC (2GO)

vgal0579 · 6 · 5787

vgal0579

  • Forum Champion 800
  • ****
    • Posts: 821
    • Likes Received: +0/-0
on: Apr 17, 2012, 10:48 AM
« Last Edit: Jun 01, 2012, 12:32 PM by FutureGizmo »


vgal0579

  • Forum Champion 800
  • ****
    • Posts: 821
    • Likes Received: +0/-0
Reply #1 on: May 24, 2012, 11:03 AM
Shipping firm 2GO Group reports another loss in Q1

LOGISTICS FIRM 2GO Group, Inc., formerly ATS Consolidated, Inc. of the Aboitiz camp, posted another net loss in the first quarter as fuel costs and chartering expenses eroded gains.

Despite higher revenues, the company still recorded a P213.22-million net loss versus a P228.23-million deficit in the same period last year.

2GO booked P3.27 billion in consolidated revenues, up 5.83% from P3.09 million in the same period last year.

“The shipping business contributed P2.3 billion in the total revenues while supply chain added P1 billion,” the disclosure said.

“The local freight business of 2GO Group realized a 14% or P190.2 million increase in revenues versus last year due to the combined increases in volumes and average price,” the disclosure added.

The strong revenues, however, were offset by the higher consolidated cost and expenses that stood at P3.48 billion, 4.82% higher than last year’s P3.32 billion.

This, as operating expenses grew by more than a quarter to P2.50 billion from last year’s P1.98 billion.

“Operating expenses, which consist largely of vessel-related costs jumped 27% or P525.9 million compared last year on account of higher fuel costs and chartering expenses,” the disclosure read.

Fuel costs had amounted to P1.1 billion in 2012 period against P748.9 million last year, it noted.

Last month, the company said it subscribed 12.5 million shares at P1 apiece in its subsidiary NN-ATS Logistics Management & Holdings Co., Inc.

Regulatory documents showed that NN-ATS Logistics Management, a subsidiary of 2GO Group, was incorporated in November last year and has an authorized capital stock of 50 million shares.

Last March, 2GO Group bagged the approval of the Securities and Exchange Commission to change its name from ATS Consolidated.

The change in corporate name comes after its former rival Negros Navigation Co., Inc. bought the company from the Aboitiz family in 2010 for P4.28 billion, according to earlier reports.

Aboitiz Equity Ventures, Inc. has instead diversified into power generation. The conglomerate reported a 27% jump in its income for the first quarter over year-ago levels as its core power business pulled off higher electricity sales while its banking arm enjoyed a profit surge on trading gains.

2GO, for its part, has been aggressively marketing routes to tourist destinations including one between Batangas and Boracay.

Shares of 2GO Group stood unchanged at P1.95 apiece when the stock market closed yesterday. -- Cliff Harvey C. Venzon


git2k9

  • Probie
  • **
    • Posts: 17
    • Likes Received: +0/-0
Reply #2 on: Feb 06, 2013, 11:31 PM
kamusta na ang 2GO?


kcmendoza

  • Forum Tambay 150
  • ***
    • Posts: 190
    • Likes Received: +0/-0
Reply #3 on: Apr 03, 2017, 06:36 PM
jackpot ang nakakuha ng 2GO na dati mababa presyo nya now since nabili ng SM bigtime na instant gain


denshow10

  • Junior Member
  • **
    • Posts: 31
    • Likes Received: +0/-0
Reply #4 on: Apr 08, 2017, 03:14 AM
oo nga swerte nila!!


wilch23

  • VIP 6500
  • *****
    • Posts: 6,544
    • Likes Received: +8/-0
Reply #5 on: Apr 08, 2017, 12:31 PM
Pwede pa ba bumili?


 


PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • mark_Lee: anong bago dito
    Jun 28, 2019, 01:03 AM
  • mark_Lee: balita
    Jun 28, 2019, 01:03 AM
  • Lovelyprincess72: hi everyone , I'm newbie here
    Jun 27, 2019, 02:36 PM
  • Niel Jhacoubs: Musta?
    Jun 26, 2019, 01:43 PM
  • Forexanalysis: Hello
    Jun 25, 2019, 06:33 PM
  • Niel Jhacoubs: Hello sa mga online jan! :)
    Jun 15, 2019, 02:58 PM
  • oragon: :applause:
    May 20, 2019, 03:53 PM
  • FutureGizmo: Thank you for reporting those spam posts, oragon! Spam posts now deleted.
    May 20, 2019, 01:59 PM
  • oragon: Admin kindly monitor some peps! posting and sharing inappropriate nude photos and website links
    May 20, 2019, 01:52 PM
  • @culinary10: Hello I am new here! Regarding sa bdo life insurance for 8 years, pwede pa kaya ma refund yung binayad ko na 50k last year? Gusto ko sana icancel kasi lack of financial na, last may 15 2018 po un nag start ako ng life insurance, pinili ko annually kaso etong may 15 2019 wala nako ma ipay so gusto ko sana icash out, may alam ba kayo kung pano marerefund?
    May 17, 2019, 07:56 PM
  • FutureGizmo: Hi Sonny, the posting issue is now resolved. Thanks for informing us! We're currently testing a new, mobile-ready theme so let us us know kung may problema pa sa Forum. :)
    Apr 04, 2019, 10:40 AM
  • sonny.wapak: Nakaka receive din ba kayo nito pag gawa ng new post? "Please try again. If you come back to this error screen, report the error to an administrator."
    Apr 03, 2019, 10:56 PM
  • leonine_zafiro: what product nun?
    Apr 01, 2019, 10:25 PM
  • dhondiex27: hi
    Mar 30, 2019, 10:55 PM
  • lusart: jayrob i agree 200%. hulog ng langit organico. legit na legit
    Mar 29, 2019, 09:08 AM
  • palemelch: Hi
    Mar 28, 2019, 04:08 PM
  • O.C.W._AK: Magandang Araw sa Lahat! Blessings! (",)
    Mar 28, 2019, 08:42 AM
  • thor15: hello everyone, newbie here
    Mar 25, 2019, 01:47 AM
  • captjaylo: present newbie here
    Mar 22, 2019, 10:06 AM
  • balboagilbert26: hello Guys .. Newbie here
    Mar 21, 2019, 10:55 PM
  • businesswoman2019: @jefsanity nag inquire na po ako pero di sila nagdidisclose. Yung branch po kasi na target ko, currently building pa.
    Mar 21, 2019, 04:27 PM
  • jefsanity: @businesswoman2019, much better inquire ka na lang sa admin nila.
    Mar 21, 2019, 01:51 PM
  • businesswoman2019: Hello! Any idea how much ang stall sa waltermart. 2m x 2m
    Mar 21, 2019, 08:28 AM
  • John Neil: Looking for an accredited iron foundry
    Mar 17, 2019, 03:19 PM
  • jayrob: Mark_Lee ung organico legit po yan..  Member din AQ..
    Mar 17, 2019, 12:57 AM
  • perlymelad: Hello po! Need advice, why my new MLM leaders failing?
    Mar 14, 2019, 08:51 PM
  • perlymelad: Present
    Mar 12, 2019, 07:53 PM
  • kennethmauricio: Hi saan po dito pwede mag post ng for sale properties?
    Mar 11, 2019, 07:58 PM
  • jefsanity: @mark_lee isipin mo anu passion mo at skills mo...
    Mar 11, 2019, 06:52 PM
  • sniperaj09: BAGO LANG
    Mar 10, 2019, 11:16 AM
  • mark_Lee: magandang investnent ngayon sa 30k suggest naman keo mga boss
    Mar 10, 2019, 03:07 AM
  • perlymelad: E-BOOK PO SIR @JEFSANITY
    Mar 09, 2019, 05:40 PM
  • perlymelad: @jefsanity Good Morning Po
    Mar 09, 2019, 05:39 PM
  • perlymelad: Good Day everyone
    Mar 04, 2019, 06:24 PM
  • jefsanity: anu ang small business na yan?
    Feb 28, 2019, 07:40 PM
  • perlymelad: Good Day Everyone
    Feb 28, 2019, 03:31 PM
  • perlymelad: Hello everyone, CAN ANYONE HELP ME SUGGEST ANY SIDE TOPIC  / PROBLEM OF  STARTING SMALL BUSINESS?
    Feb 28, 2019, 06:58 AM
  • perlymelad: Present, 1st time po
    Feb 25, 2019, 06:17 PM
  • jd2281: newbie po
    Feb 25, 2019, 12:26 PM
  • ejllantino: present... 1st time
    Feb 24, 2019, 07:14 PM
  • rheiel: present. first time
    Feb 24, 2019, 11:04 AM
  • MELVIE: thanks po
    Feb 24, 2019, 12:50 AM
  • steph123: hello po, ask lang po, ilang months po ba ang hihintayin after mo ma process ang mga documents para maitama ang mali sa NSO?
    Feb 11, 2019, 03:13 PM
  • Deborah: newbie here.thanks
    Feb 08, 2019, 02:17 PM
  • marj0503: hello im newbie here
    Jan 31, 2019, 10:53 AM
  • yan24: any one here planning to start a tesda skill training center
    Jan 26, 2019, 12:07 PM
  • manzjon: Forex trading forum
    Jan 25, 2019, 02:16 PM
  • Lizette Ramos: Pwede po bang patulong... Maganda po ba ang gasul retailing business?
    Jan 24, 2019, 09:14 PM
  • Imnobody: Hi sino naghahanap ng casino financer dito?
    Jan 16, 2019, 09:59 PM
  • Odlanyer22: Good day!
    Jan 16, 2019, 09:55 PM