STI Education Systems Holdings Inc. said it generated P500 million in revenue for the first quarter of its fiscal year ending June 2024.
The amount is 34 percent or P127.6 million higher than the P372.8 million generated during the same period last year, the company said.
STI said the increase in revenues was mostly brought about by the increase in enrollment, as well as improvement in the enrollment mix, with majority of students availing of courses regulated by the Commission on Higher Education (CHED).
STI Holdings said enrollment in the schools under STI Holdings reached 94,312 compared with 82,629 for school year (SY) 2021-2022.
This represents a 14 percent from the SY2021-2022 enrollment, with the number of students in the programs regulated by CHED showing a robust 18 percent increase from 56,342 students in the previous school year to 66,309 this school year, it said.
New student enrolments reached 41,565 compared to the number of new students enrolled in the previous school year of 35,566, a 17 percent.
