MANILA — 2GO Group, Inc., the oldest and largest logistics provider in the Philippines, achieved a remarkable net profit after tax performance despite the port congestion problems brought about by the Manila Daytime Truck Ban. From P227 million in 2013, their net profit jumped to P843 million in 2014. This is also the first time in 2GO’s history that its operating income had breached the 1 billion mark. It skyrocketed to a whopping P1.2 billion in 2014 from P490 million in 2013.
“In 2014, we continue to reap the benefits of the transformation of the Group into a complete supply chain solutions provider from largely a shipping company. We have noted an increase in customers’ acceptance of the integrated end-to-end service offerings by the different units within the Group that provide seamless supply chain solutions to their requirements”, Sulficio O. Tagud, Jr. President & CEO of 2GO Group said.
“We will continuously improve and synchronize our operations to develop an implementation roadmap in order to fulfill our vision of being the Philippines’ integrated supply chain service provider of choice.”, Tagud added.
The Group’s logistics arm (non-shipping) has been steadily growing, further increasing its percentage share to the company’s total revenue. The logistics group continues to introduce innovative warehouse service offerings such as operating Forward Stock Locations in key areas to complement the Cross Docking services currently being offered to major clients in North and South Luzon.
2GO has widened its network of warehouses in strategic locations throughout the country to provide innovative distribution solutions to its customers. 2GO Express’ partnership with FedEx continues to expand, showing a substantial growth in revenues most especially on the retail side. 2GO Express has become the favorite last-mile fullfilment partner for the fast growing e-commerce industry. Furthermore during the year, Scanasia and 2GO Logistics have enabled more and more clients, thru its expanded logistics and distribution platform, to cover a wider network of modern retail trade throughout the country.
There had also been an increase in volume of sea travelers, and a noticeable improvement in Domestic Tourism which 2GO Travel actively promoted in 2014.
