STI Education Systems Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 14, 2023 at 03:11 am EST
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STI Education Systems Holdings, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported revenue was PHP 938.48 million compared to PHP 748.55 million a year ago. Net income was PHP 268.69 million compared to PHP 171.09 million a year ago. Basic earnings per share from continuing operations was PHP 0.027 compared to PHP 0.017 a year ago. Diluted earnings per share from continuing operations was PHP 0.027 compared to PHP 0.017 a year ago.
For the six months, revenue was PHP 1,438.83 million compared to PHP 1,121.35 million a year ago. Net income was PHP 226.3 million compared to PHP 56.85 million a year ago. Basic earnings per share from continuing operations was PHP 0.023 compared to PHP 0.006 a year ago. Diluted earnings per share from continuing operations was PHP 0.023 compared to PHP 0.006 a year ago.
STI Education Systems Holdings, Inc. is a Philippines-based company. The Company is engaged in investing in, purchasing or otherwise acquiring and owning, holding, using, selling, assigning, transferring, leasing, mortgaging, pledging, exchanging, or otherwise disposing of real properties, as well as personal and movable property of any kind and description, including shares of stock, bonds, debentures, notes, evidence of indebtedness and other securities or obligations of any corporation or corporations, association or associations, domestic or foreign, and possessing and exercising in respect thereof all the rights, powers and privileges of ownership, including all voting powers of any stock owned. The Company operates through five segments: Metro Manila, Northern Luzon, Southern Luzon, Visayas and Mindanao. It focuses on education and education-related activities and investments. The Company has investments in several entities, which own and operate schools.
STI EDUCATION SYSTEMS HOLDINGS, INC. 
