/term/payments-on-behalf-of-employees/PHS:LBC LBC Express Holdings (PHS:LBC) Payments on Behalf of Employ
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LBC Express Holdings (PHS:LBC) Payments on Behalf of Employees


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What is LBC Express Holdings Payments on Behalf of Employees?

Payments on Behalf of Employees only applicable to companies reporting Cash Flow from Operations in direct method.


LBC Express Holdings (PHS:LBC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Domestic Airport Road, LBC Hangar, General Aviation Centre, Metro Manila, Pasay, PHL, 1300
LBC Express Holdings is a Philippines-based holding company engaged in providing logistics and money transfer services. Through the logistics services, the company serves two customer segments, retail customers, and corporate customers. It provides services such as courier, air cargo forwarding, and balikbayan box services to retail customers. To corporate customers, it offers courier and freight forwarding services, corporate solutions, and tailor-made corporate logistics services. In the money transfer services segment, the company comprises both domestic and international money transfer services such as remittances, bill payment collection, and corporate remittance payout services. The firm operates in the Philippines and globally, and generates key revenue from the Logistics segment.