LBC Express Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
May 16, 2022 at 08:42 pm
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LBC Express Holdings, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported net loss was PHP 866.23 million compared to net income of PHP 200.28 million a year ago. Basic loss per share from continuing operations was PHP 0.61 compared to basic earnings per share from continuing operations of PHP 0.14 a year ago. Diluted loss per share from continuing operations was PHP 0.61 compared to diluted earnings per share from continuing operations of PHP 0.14 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. 