LBC Express Holdings, Inc. Provides Earnings Guidance for the Year 2016
August 02, 2016 at 03:47 am EDT
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LBC Express Holdings, Inc. provided earnings guidance for the year 2016. The company expects its profit in 2016 hit PHP 1 billion, as its expansion efforts are beginning to bear fruit. The company spending PHP 200 million in capital expenditures in 2016 to continue the expansion of its logistics business, focusing on growing its service to corporations.
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. 
