STI Education Systems Holdings, Inc. (STI Holdings) closed the fiscal period April 2016 to March 2017 with revenues jumping by 14 percent to P2.9 billion from P2.6 billion in the previous fiscal year, the company said on Monday. The listed firm attributed its strong revenues at end-March 2017 to senior high school (SHS) enrollment in the fiscal period reaching 39,206 enrollees in its network, including iACADEMY and STI West Negros University (STI WNU). For the 2016-2017 fiscal year, the company’s total assets rose 36 percent to P14.3 billion from P10.5 billion in the previous year. Meanwhile, STI Holdings said its net profit in fiscal year 2016-2017 dropped to P644 million from P1.1 billion in the previous fiscal year. STI was referring to Unlad Resources Development Corporation, the corporate arm of the Benitez family, owners of PWU.

Source: Manila Times July 17, 2017 17:26 UTC