STI Education Systems Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
May 16, 2022 at 04:18 am EDT
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STI Education Systems Holdings, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported revenue was PHP 793.82 million compared to PHP 589.86 million a year ago. Net income was PHP 239.09 million compared to PHP 81.97 million a year ago. Basic earnings per share from continuing operations was PHP 0.024 compared to PHP 0.008 a year ago. Diluted earnings per share from continuing operations was PHP 0.024 compared to PHP 0.008 a year ago.
For the nine months, revenue was PHP 1,918.18 million compared to PHP 1,518.92 million a year ago. Net income was PHP 295.94 million compared to net loss of PHP 30.36 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to basic loss per share from continuing operations of PHP 0.003 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to diluted loss per share from continuing operations of PHP 0.003 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. 
