STI Holdings Inc. (STI) announced it narrowed its losses for the first quarter of its fiscal year as it recorded a P47.61 million for the first three months this year, a significant reduction from its loss of P116.73 million in the same period last year.

The company also posted revenues of P500.35 million for the three-month period ending on Sept. 30, 2022, up 34 percent from P372.80 million last year.

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