LBC Express Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 21, 2023 at 08:58 pm EDT
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LBC Express Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was PHP 122.69 million compared to PHP 131.86 million a year ago. Basic loss per share from continuing operations was PHP 0.09 compared to PHP 0.09 a year ago. Diluted loss per share from continuing operations was PHP 0.09 compared to PHP 0.09 a year ago.
For the six months, net income was PHP 84.31 million compared to net loss of PHP 82.99 million a year ago. Basic earnings per share from continuing operations was PHP 0.06 compared to basic loss per share from continuing operations of PHP 0.06 a year ago. Diluted earnings per share from continuing operations was PHP 0.06 compared to diluted loss per share from continuing operations of PHP 0.06 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. 
