LBC Express Holdings, Inc. reported audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported operating revenue of PHP 7,686,474,464 against PHP 7,056,227,838 a year ago. Net income before tax was PHP 686,933,070 against PHP 200,351,044 a year ago.

Net income after tax was PHP 416,300,896 against PHP 143,410,244 a year ago. Net income attributable to parent equity holder was PHP 343,474,642 against PHP 159,849,919 a year ago. Basic and diluted earnings per share were PHP 0.29 against PHP 0.1 a year ago.

Return on assets was 0.07% against 0.03% a year ago. Return on equity was 0.26% against 0.11% a year ago. Net cash provided by operating activities was PHP 596,808,625 against PHP 83,856,699 a year ago.

Acquisition of intangible assets was PHP 36,693,506 against PHP 234,627,194 a year ago. Acquisition of plant, property and equipment was PHP 312,060,184 against PHP 194,953,399 a year ago. Net cash from operating activities is primarily affected by income before income tax, depreciation and amortization, interest expense, retirement benefit expense, interest expense and changes in working capital.

Service revenues increased due to increase in revenues from the logistics segment attributable to growth in both retail and corporate sales. Book value per share was PHP 1.17 against PHP 32.42 a year ago.