LBC Express Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 15, 2017 at 08:58 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, 2017. For the quarter, the company reported service revenue of PHP 2,488,764,750 against PHP 2,224,861,334 a year ago. Income before income tax was PHP 394,529,071 against PHP 292,393,575 a year ago. Net income for the period was PHP 290,814,290 against PHP 206,676,518 a year ago. Net income attributable to shareholders of the parent company was PHP 292,090,880 against PHP 208,699,193 a year ago. Basic and diluted earnings per share were PHP 0.20 against PHP 0.15 a year ago.
For the nine months, the company reported service revenue of PHP 7,398,408,186 against PHP 6,359,755,798 a year ago. Income before income tax was PHP 1,028,810,367 against PHP 894,748,595 a year ago. Net income for the period was PHP 733,516,436 against PHP 620,546,787 a year ago. Net income attributable to shareholders of the parent company was PHP 733,840,937 against PHP 627,346,860 a year ago. Basic and diluted earnings per share were PHP 0.51 against PHP 0.44 a year ago. Net cash provided by operating activities was PHP 613,963,884 against PHP 259,501,945 a year ago. Acquisitions of intangible assets were PHP 4,232,854 against PHP 9,367,084 a year ago. Acquisitions of property and equipment were PHP 223,722,290 against PHP 201,730,626 a year ago. Book value per share was PHP 1.68.
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. 
