STI profit surges on higher enrollment
The Philippine Star|November 26, 2024
STI Education Systems Holdings Inc. saw its earnings from July to September soar by over 13 times amid a record enrollment growth and prudent cost management across its schools.
BRIX LELIS

The owner of the country's largest network of private schools reported a net income of P263.2 million during the period, up by 1,233 percent from the P19.75 million earned last year.

STI Holdings' fiscal year starts in July and ends in June the following year.

Gross revenues in the first quarter of its fiscal year climbed by 59.5 percent to P1 billion from P650.65 million, with total enrollment growing by 15 percent to 138,060 students for the school year 2024 to 2025.

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