STI returns to profit

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STI Education Systems Holdings Inc. (STI Holdings) said in the profit the third quarter of its fiscal year ending June 30, 2021 hit P82.6 million, a reversal from the P211.6 million loss recorded last year.

The nine-month result however was a P31.36 million loss still, compared to a P98.83 million profit last year.

Revenues reached P606.59 million for the third quarter, down 15.83 percent from P720.68 million last year.

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The topline for the nine months meanwhile was at P1.54 billion, down 33.9 percent from P2.33 billion last year.

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