LBC Express Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 21, 2022 at 01:14 am
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LBC Express Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net loss was PHP 144.11 million compared to PHP 64.22 million a year ago. Basic loss per share from continuing operations was PHP 0.1 compared to PHP 0.05 a year ago. Diluted loss per share from continuing operations was PHP 0.1 compared to PHP 0.05 a year ago.
For the nine months, net loss was PHP 227.1 million compared to net income of PHP 246.34 million a year ago. Basic loss per share from continuing operations was PHP 0.16 compared to basic earnings per share from continuing operations of PHP 0.17 a year ago. Diluted loss per share from continuing operations was PHP 0.16 compared to diluted earnings per share from continuing operations of PHP 0.17 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. Its logistics products are geared toward both retail and corporate clients. 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). 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.