Lbc Express Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 20, 2021 at 08:38 pm EDT
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LBC Express Holdings, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating income was PHP 790.490 million compared to PHP 1,280.185 million a year ago. Net income was PHP 200.283 million compared to PHP 494.574 million a year ago. Basic earnings per share from continuing operations was PHP 0.14 compared to PHP 0.35 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.