LBC Express Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 12, 2016 at 05:10 am EDT
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LBC Express Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported operating revenues of PHP 2,068,417,820 against PHP 1,902,021,970 a year ago. Net income before tax was PHP 291,784,696 against PHP 191,646,775 a year ago. Net income attributable to parent equity holder was PHP 204,690,788 or 0.14 per basic and diluted share against PHP 190,335,723 or 0.18 per basic and diluted share a year ago.
For the six months, the company reported operating revenues of PHP 4,134,894,464 against PHP 3,741,521,615 a year ago. Net income before tax was PHP 602,355,020 against PHP 420,207,605 a year ago. Net income attributable to parent equity holder was PHP 418,647,667 or 0.29 per basic and diluted share against PHP 302,390,067 or 0.29 per basic and 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. 
