LBC Express Holdings, Inc. Provides Earnings Guidance for the Year 2017
August 29, 2017 at 09:14 pm
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LBC Express Holdings, Inc. provided earnings guidance for the year 2017. The company expects its core net income target for 2017 by as much as 5%. The company announced that it is banking on its fourth quarter performance to help push its core profit beyond the initial target of PHP 985 million. A core profit guidance of PHP 985 million, which is 7% higher than the PHP 920 million recorded in 2016. For revenues the target is PHP 9.8 billion.
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. 