Sti Education Systems Holdings, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2020
February 14, 2021 at 11:12 pm EST
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STI Education Systems Holdings, Inc. announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced total revenue was PHP 632.416 million compared to PHP 813.226 million a year ago. Net income was PHP 90.318 million compared to PHP 151.646 million a year ago. Basic earnings per share from continuing operations was PHP 0.009 compared to PHP 0.015 a year ago. For the half year, total revenue was PHP 929.060 million compared to PHP 1,610.644 million a year ago. Net loss was PHP 112.324 million compared to net income of PHP 307.668 million a year ago. Basic loss per share from continuing operations was PHP 0.011 compared to basic earnings per share from continuing operations of PHP 0.031 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. 
