LBC Express Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 14, 2018 at 07:54 pm EST
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LBC Express Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported gross revenue of PHP 3,369,738,764 against PHP 2,637,263,560 a year ago. Income before income tax was PHP 176,478,041 against PHP 394,529,071 a year ago. Net income after tax was PHP 85,317,664 against PHP 290,814,290 a year ago. Net income attributable to shareholders of the parent company was PHP 78,785,847 against PHP 292,090,880 a year ago. Diluted earnings per share were PHP 0.06 against PHP 0.16 a year ago.
For the nine months, the company reported gross revenue of PHP 9,657,885,723 against PHP 7,596,244,900 a year ago. Income before income tax was PHP 1,650,907,143 against PHP 1,028,810,372 a year ago. Net income after tax was PHP 1,281,160,632 against PHP 740,491,822 a year ago. Net income attributable to shareholders of the parent company was PHP 1,264,611,564 against PHP 740,816,323 a year ago. Diluted earnings per share were PHP 0.68 against PHP 0.48 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. 
