LBC Express Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 09:23 pm EDT
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LBC Express Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net loss was PHP 131.86 million compared to net income of PHP 170.83 million a year ago. Basic loss per share from continuing operations was PHP 0.09 compared to basic earnings per share from continuing operations of PHP 0.12 a year ago. Diluted loss per share from continuing operations was PHP 0.09 compared to diluted earnings per share from continuing operations of PHP 0.12 a year ago.
For the six months, net loss was PHP 82.99 million compared to net income of PHP 310.56 million a year ago. Basic loss per share from continuing operations was PHP 0.06 compared to basic earnings per share from continuing operations of PHP 0.22 a year ago. Diluted loss per share from continuing operations was PHP 0.06 compared to diluted earnings per share from continuing operations of PHP 0.22 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. 
