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Fresh debts push LBC to net loss in 9 months
The Philippine Star
|November 18, 2024
Express courier LBC Express Holdings Inc. fell to a net loss in the nine months to September as the company borrowed fresh loans from local banks for project funding.
Based on its financial report, LBC Express incurred a net loss of P240.86 million from January to September, a reversal from its profit of P242.38 million a year ago.
While LBC Express slashed expenses by three percent to P8.3 billion, this was offset by a three-percent reduction in revenue to P10.58 billion.
Bu hikaye The Philippine Star dergisinin November 18, 2024 baskısından alınmıştır.
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