Lbc Express Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 15, 2019 at 06:41 am IST
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LBC Express Holdings, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net loss was PHP 63.715 million compared to net income of PHP 78.785 million a year ago. Basic loss per share was PHP 0.04 compared to basic earnings per share of PHP 0.06 a year ago. For the nine months, net income was PHP 469.397 million compared to PHP 1,264.611 million a year ago. Basic earnings per share was PHP 0.33 compared to PHP 0.89 a year ago. Diluted earnings per share was PHP 0.33 compared to PHP 0.68 a year ago.
LBC Express Holdings, Inc. is a Philippines-based holding company. The Company is engaged in retail and corporate courier and cargo, money remittance, and logistics services. Its segments include logistics and money transfer services. The main services offered under its logistics business are domestic and international courier and freight forwarding services (by way of air, sea, and ground transport). Its logistics products are geared toward both retail and corporate clients. The money transfer services segment consists of remittance services (including branch retail services, prepaid remittance cards and online and mobile remit) and bill payment collection and corporate remittance payout services. The money transfer services segment includes an international presence through its branches, which comprises international inbound remittance services. The Company has a network of over 6,400 branches, hubs and warehouses, partners, and agents in approximately 30 countries.
LBC EXPRESS HOLDINGS, INC. 