STI Holdings reported a 299 percent surge in net income to P223.4 million for the first six months of its fiscal year (FY)ending June 30, 2023 from the P56 million earned during the same period in FY 2022.
The company, which owns and operates one of the biggest networks of private schools in the P
Listed school network operator STI Holdings recorded a net income of P223.4 million for the six-month period ending Dec. 31, 2022, or 299 percent higher than the P56 million recorded a year ago.
STI Holdings, owner of one of the biggest networks of private schools in the Philippines, has reduced its attributable net loss in the first quarter of its fiscal year ending June 30, 2023 to P42.37 million from losses of P114.23 million in the same period last year.
STI Holdings’ fiscal year (FY)
STI Holdings posted a 309 percent surge in net income to P416.2 million for its fiscal year ending June 30, 2022 from the P101.7 million earned a year ago.
In a disclosure to the Philippine Stock Exchange, the company said consolidated gross revenues roe 28 percent to P2.7 billion in 2022 from P2.
STI Holdings reported a 192 percent surge in net income to P241.2 million in the third quarter of its fiscal year (FY), or the three-month period ending March 31, 2022, from the P82.6 million it posted in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said ope