LBC Express Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016
May 16, 2016 at 08:25 am EDT
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LBC Express Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported operating revenues of PHP 2,066,476,644 against PHP 1,839,499,645 a year ago. Net income before tax was PHP 310,570,324 against PHP 228,560,830 a year ago. Net income attributable to parent equity holder was PHP 213,956,879 or 0.15 per diluted share against PHP 112,054,344 or 0.08 per diluted share 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. 
