NOV 2024: Manila, Philippines: Relentless in its commitment to serve the nation, and Filipinos all over the world, LBC Express Holdings, Inc.
: Relentless in its commitment to serve the nation, and Filipinos all over the world, LBC Express Holdings, Inc., the Philippines’ largest logistics and money services company, continues to adapt and adjust its capacities and services and remains optimistic, moving forward into its 75
The Company recently submitted its unaudited results to the SEC / PSE: Operating income increased by 7% to ₱490.40 million for the nine months ended September 30, 2024, from ₱457.89 million for the nine months ended September 30, 2023, mainly owing to an improvement in gross profit and a decrease in operating expenses. Gross profit slightly grew to ₱2.3 billion for the nine months ended September 30, 2024, from ₱2.
The Company’s service revenues decreased by 3% to ₱10.58 billion for the nine months period ended September 30, 2024, from ₱10.88 billion for the nine months ended September 30, 2023, mainly within the retail business segment which declined by 6%. However, this is counteracted by the revenue growth of 10% in the corporate business segment.
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