LBC Express Holdings, Inc. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017
April 16, 2018 at 03:42 am EDT
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LBC Express Holdings, Inc. reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported services revenue of PHP 10,020,116,486 against PHP 8,695,402,622 a year ago. Income before tax was PHP 1,126,769,845 against PHP 1,325,090,791 a year ago. Net income was PHP 707,915,382 against PHP 913,940,745 a year ago. Net income attributable to shareholders of the parent company was PHP 703,876,073 against PHP 921,605,612 a year ago. Basic and diluted earnings per share were PHP 0.49 against PHP 0.65 a year ago. Net cash provided by operating activities was PHP 1,399,293,960 against PHP 808,914,616 a year ago. Acquisitions of intangible assets were PHP 38,449,650 against PHP 20,471,368 a year ago. Acquisitions of property and equipment were PHP 354,905,072 against PHP 294,255,624 a year ago. Book value per share was PHP 1.66 as at December 31, 2017. Return on assets ratio was 0.08 against 0.14 a year ago. Return on equity ration was 0.3 against 0.37 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. 
