Sti Education Systems Holdings, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
May 17, 2021 at 02:01 am EDT
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STI Education Systems Holdings, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced total revenue was PHP 606.591 million compared to PHP 720.683 million a year ago. Net income was PHP 81.968 million compared to net loss of PHP 203.623 million a year ago. Basic earnings per share from continuing operations was PHP 0.008 compared to basic loss per share from continuing operations of PHP 0.021 a year ago. For the nine months, total revenue was PHP 1,535.651 million compared to PHP 2,331.541 million a year ago. Net loss was PHP 30.355 million compared to net income of PHP 104.044 million a year ago. Basic loss per share from continuing operations was PHP 0.003 compared to basic earnings per share from continuing operations of PHP 0.011 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. 
