PSE Market Summary:
The Philippine Stocks Market is up by 108.64 or 1.62% to close at 6,833.77. Total trades recorded were 32,352 with 113 stocks advances, 61 declines and 40 stocks unchanged. PSEi closed the week higher by 191.50 or 2.88%.
STI Posts 164% Earnings Increase
STI Education System Holdings (PSE:STI) posted net income of P578.7 million from April to December 2012 or 164% increase from P219.3 million posted during the same period in 2011. The growth was mainly due to STI's massive expansion program and fresh capital from follow-on shares offerings.