2Go Group earnings grow 28% in 2015
TRANSPORT solutions provider 2GO Group, Inc. saw its 2015 profit grow by an annual 28%, driven by its expansion and stricter cost management.
The company’s net income after tax went up to P1.08 billion last year from P842.56 million in 2014, according to its financial report submitted to the Philippine Stock Exchange on Thursday.
It also exceeded its target after net income before tax surged by 71% to P1.5 billion. In a July 2015 interview, 2GO President and Chief Executive Officer Sulficio O. Tagud, Jr. said the company was targeting a 25% growth to P1.1 billion.
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