Operating Company Total Comprehensive Income at P1.105B,
a 338% increase from 2015
2016 was a robust year for the country’s leading express delivery and logistics, and money remittance company, LBC, whose focus on maintaining its foothold is supported by customer-forward innovations and vision of improving operations through automation. On the one hand, net core income from the operating unit, LBC Express, Inc. was at P920.2M, an astounding 217% leap from the previous year, while total comprehensive income was at P1.105B, a 338% rise from previous year. Net income of LBC Express Holdings, Inc., on the other hand, increased by a staggering 120%, reaching P913.9 million by end of the year, due to the rise in air and courier services driven by improved cost of air and sea freight.