LBC Express Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 16, 2023 at 09:27 pm EST
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LBC Express Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was PHP 130.91 million compared to net loss of PHP 144.11 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to basic loss per share from continuing operations of PHP 0.1 a year ago. Diluted earnings per share from continuing operations was PHP 0.07 compared to diluted loss per share from continuing operations of PHP 0.1 a year ago.
For the nine months, net income was PHP 215.23 million compared to net loss of PHP 227.1 million a year ago. Basic earnings per share from continuing operations was PHP 0.15 compared to basic loss per share from continuing operations of PHP 0.16 a year ago. Diluted earnings per share from continuing operations was PHP 0.15 compared to diluted loss per share from continuing operations of PHP 0.16 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. 
