Lbc Express Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 09:04 pm EDT
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LBC Express Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating income was PHP 316.863 million compared to operating loss of PHP 811.503 million a year ago. Net income was PHP 170.828 million compared to net loss of PHP 679.621 million a year ago. Basic earnings per share from continuing operations was PHP 0.12 compared to basic loss per share from continuing operations of PHP 0.48 a year ago. For the half year, operating income was PHP 794.734 million compared to operating loss of PHP 503.214 million a year ago. Net income was PHP 310.561 million compared to net loss of PHP 501.733 million a year ago. Basic earnings per share from continuing operations was PHP 0.22 compared to basic loss per share from continuing operations of 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.
LBC EXPRESS HOLDINGS, INC. 
