Lbc Express Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 15, 2019 at 08:16 am
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LBC Express Holdings, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced net income was PHP 536.873 million compared to PHP 619.314 million a year ago. Basic earnings per share was PHP 0.38 compared to PHP 0.43 a year ago. Diluted earnings per share was PHP 0.22 compared to PHP 0.25 a year ago. For the half year, net income was PHP 561.876 million compared to PHP 1,185.825 million a year ago. Basic earnings per share was PHP 0.39 compared to PHP 0.83 a year ago. Diluted earnings per share was PHP 0.37 compared to PHP 0.53 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. 
