LBC ‘on track’ to hit FY revenue goal, exceed profit target

LBC Express Holdings Inc. said on Thursday it is “on track” to achieve its 2016 revenue goal of P8.5 billion and may surpass its P1 billion net income target on the back of its robust logistics business and cost efficiency initiatives taken.

Enrique Rey Jr., LBC acting chief financial officer (CFO) and investor relations officer, told reporters that their bullish forecast is based on the strong year to date performance of LCB’s logistics and money remittance businesses and the fourth quarter being a traditional “peak season” for the company.