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Posts tagged with "LBC Express Holdings"

LBC Express Jan-Sept income drops 60% despite revenue hike

LBC Express Jan-Sept income drops 60% despite revenue hike

Nov. 17 | LBC Express Holdings, Inc. (LBC) reported service revenues of P11.57 billion for the first nine months of 2019, a 27% increase from P9.11 billion for the same period in 2018, even as its income declined 60% year-on-year. Revenues from both the logistics...

LBC buys Japanese balikbayan box shipping company

LBC buys Japanese balikbayan box shipping company

Nov. 5 | Logistics and remittance service provider LBC Express Holdings, Inc. has acquired 100% of shares in Japanese balikbayan box shipping operator Mermaid Co., Ltd. for US$200,000. LBC Express purchased all the shares of Tsukasa Takahashi, Mediatrix Takahashi,...

LBC Express net income in H1 down 54%

LBC Express net income in H1 down 54%

Aug. 17 | LBC Express Holdings, Corp. reported a net income of P548.95 million in the first half of 2019, a 54% drop from the P1.196 billion earned in the same period last year. In a regulatory disclosure, LBC said the lower income was due to net loss from one...

Logistics provider QuadX enlists Zebra’s mobility solutions to boost business operations

Logistics provider QuadX enlists Zebra’s mobility solutions to boost business operations

Dec. 19 | QuadX, an expanding e-commerce logistics provider in the Philippines, has tapped Zebra Technologies Corp to boost efficiency and productivity. Harnessing the on-demand economy, QuadX provides a range of logistics solutions and services to meet the needs...

LBC buys into Brunei subsidiaries

LBC buys into Brunei subsidiaries

Oct. 17 | Philippine-based LBC Express Holdings, Inc. (LBCEHI) has acquired stakes in two of its subsidiaries in Brunei for US$783,769 as it continues to buy into more companies outside the country. In a regulatory disclosure, LBCEHI said that under a share purchase...

Technology investments to power LBC on road to its digital evolution

Technology investments to power LBC on road to its digital evolution

Aug. 7 | LBC Express, Inc. is investing heavily in technology as it embarks on a three-year digital transformation program to further automate its process and respond to the changes in the logistics industry. “With digitalization set to revolutionize the entire...

LBC posts 7% hike in 2017 income

LBC posts 7% hike in 2017 income

Apr. 30 | LBC Express Holdings, Inc. (LBCEH) reported a 7% increase in net income for 2017 to P984.922 million from P20.249 million in 2016 as a result of higher air cargo revenues. In a regulatory disclosure, LBCEH said revenues for 2017 went up 15% to P10.020...

LBC Express net income leaps 120%; growth plans unveiled

LBC Express net income leaps 120%; growth plans unveiled

Apr. 24 | Courier and remittance company LBC Express Holdings, Inc. reported a 120% surge in net income for 2016 to P913.9 million from P416.3 million in the previous year, as improved cost of air and sea freight drove demand for air and courier services. Its operating...

LBC eyes options after SEC rejection of follow-on offering

LBC eyes options after SEC rejection of follow-on offering

Apr. 18 | Logistics and remittance company LBC Express Holdings, Inc. said it will address concerns of the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) about the company’s shortcomings which has led to the rejection of LBC’s...