Lbc Express Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
June 21, 2020 at 08:45 pm EDT
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LBC Express Holdings, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced net income was PHP 494.574 million compared to PHP 1,359.766 million a year ago. Basic earnings per share was PHP 0.35 compared to PHP 0.95 a year ago. Diluted earnings per share was PHP 0.35 compared to PHP 0.68 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. 
