Thursday 16 August
Powered by Ajaxy
Feb 13, 2018 @ 16:50

Eusebio Tanco’s STI Holdings more than triples profit

 

Tanco-led STI Holdings said its net income grew more than three-fold last year to P258.7 million as higher enrollment pushed revenues higher.

In a statement, STI said gross revenues went up five percent t P2.2 billion. Bulk of the company’s income comes from education services.

In July 2017, subsidiary STI Education Services Group, which manages STI-branded schools, sold its 20 percent stae in Maestro Holdings to allow it to focus on its core business of providing quality educational services.

STI ESG recently acquired parcels of land in Lipa and Legaspi, amounting to P99.1 million and P76.4 million, respectively.

It is set to complete the construction of campuses in Malaybalay, Bulacan, Lipa, Sta. Mesa, Pasay-Edsa, and San Jose, Del Monte, in time for the influx of college freshment who took p two years of senior high school under the government’s K to 12 program.

Tags: , , , , , , , , , ,

Related Stories
A New York-based political risk advisory firm believes that Malacanang is now in the grasp
STI Holdings, operator of one of the largest networks of private schools in the country,
Bilyonaryo Eusebio “Yosi” Tanco’s STI Holdings received a high credit rating for its subsidiary’s P3-billion
Tanco-led STI Education Services Group is spending P5.9 billion for its capital expenditures this year,


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.