STI Holdings almost doubled its net income to P579.3m for the first nine-month period ended March 31, 2023 from the P297.2m earned in the same period last year as enrollments rose with the steady transition back to face-to-face classes. ManilaBulletin
In a quarterly disclosure with the Philippine Stock Exchange, STI Holdings explained that its Fiscal Year starts on July 1 of every year and ends on June 30 of the following year.
Tuition and other school fees amounted to P2.1 billion for the said nine-month period, increasing by P422.2 million or 25 percent from the same period last year. STI Holdings said its schools now have a total of 94,312 enrollees for SY 2022-2023, which is 14 percent or 11,683 higher than the 82,629 students it took in during SY 2021-2022.
Schools also reported revenues from other sources as a result of increased enrollments and more frequent face-to-face classes.
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