2GO delivers financial turnaround in Q22022
PASAY CITY, Philippines, Aug. 11, 2022 /PRNewswire/ --2GO Group, Inc. (2GO), the country's leading transportation and logistics company and a subsidiary of SM Investments Corporation, delivered strong second quarter results, with net income of PHP 109 million, representing a turnaround from 2Q2021. The strong performance was driven by increased activities in 2Q across major business lines, boosted by improved shipping and passenger volumes. Shipping revenues rose 67%, as sea freight revenues grew 54% and passenger travel revenues grew 155%. Shipping saw increased volumes of goods shipped t...
Source: singaporestar.com