LBC Express earns 120% more in 2016
Iris Gonzales (The Philippine Star) - May 3, 2017 - 12:00am

MANILA, Philippines -  LBC Express Holdings Inc. reported a 120-percent surge in net income to P913.9 million on strong air and courier services.

In its filing with the Philippine Stock Exchange, LBC said revenues from the logistics segment grew 20 percent as the company expanded its network by 48 branches.

Gross profit increased by 21 percent due to higher volumes and rates of both air and courier services.

Operating expenses, on the other hand, decreased four percent although cost of services went up nine percent.

Assets grew 36 percent to P1.32 billion.

The company is taking aggressive steps to sustain growth by focusing on a developing logistics market anchored on tailored services, consistent e-commerce initiatives and the addition of new technologies and systems designed to make freight forwarding more efficient.

At present, LBC Express serves millions of Filipinos around the globe in over 20 countries, with a network of over 1,200 in addition to 5,300 partner agents.

LBC Express operates three main hubs for sea cargo in key places in the country, specifically in Manila, Clark and Cagayan de Oro, and 78 delivery hubs, with a team of 1,410 delivery associates and over 6,000 employees across the country.

LBC EXPRESS HOLDINGS INC.
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