2GO Group, Inc. appointed William Charles Howell as chief financial officer and treasurer to replace Jeremias E. Cruzabra, who resigned.

The company announced restatement of audited financial results for 2015 and 2016. For 2015, the company reported its restated net income stood at PHP 109.131 million. This is 90% lower than the PHP 1.08 billion profit it earlier disclosed in its 2015 annual report.

For 2016, the company reported its restated profit is PHP 344.035 million, a 74% decline from the PHP 1.34 billion net income it earlier reported.