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The GO2 People Ltd

GO2 People positioned well in the recruitment and building services sectors

With FY18 revenue of $45 million, GO2 is a small industry player with a lot of room for growth.

Map of Australia showing office locations before and after IPO
Shares in the company last traded at 13 cents

GO2 People Ltd (ASX:GO2) had its annual general meeting (AGM) for shareholders yesterday where it reviewed its growth since its October 2017 initial public offering (IPO).

The company provides vertically integrated recruitment and building services in Australia through two divisions – Recruitment and Building.

The GO2 Recruitment division provides a full suite of tailored workforce solutions to a range of industries including construction, mining, energy, telco and major infrastructure.

The Building Division is a multi-disciplinary construction company specialising in the delivery of projects in remote and regional areas.  

READ: GO2 People continues growth trajectory with strong first quarter FY19 revenue

GO2 People’s last business update was its September quarter result which showed group revenue increasing by 50% on the prior corresponding quarter.

This follows on from the strong FY18 financial result which featured revenue growth of 30% to $45 million and total gross profit growth of 47.2% to $5.4 million.

Since raising $10 million in its ASX-listing via IPO in October 2017, clients have grown 67% and its workforce has grown by 55%.

Quick facts: The GO2 People Ltd

Price: $0.05

Market: ASX
Market Cap: $6.02 m
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The GO2 People intends acquiring online education and training provider...

The GO2 People Ltd (ASX:GO2) managing director Billy Ferreira updates Proactive Investors on its move to acquire Industry Pathways, which is one of Australia’s fastest growing training organisations. GO2, a labour hire business, specialises in the construction, mining and infrastructure...

on 29/7/19

2 min read