{
  "id": 4663123,
  "title": "STC cuts net loss by 92.6% to GH¢5.18m in 2025",
  "url": "https://urgent.news/2026/08/31/stc-cuts-net-loss-by-92-6-to-gh-5-18m-in-2025",
  "topic": "world",
  "section": "World",
  "published": "2026-08-31T14:58:07.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/stc-cuts-net-loss-by-92-6-to-gh%c2%a25-18m-in-2025/"
  },
  "original_language": "en",
  "account": "STC, the state-owned intercity coach operator, reported a staggering 92.6% reduction in its net loss to GH¢5.18 million in 2025, marking a significant turnaround. Although the company's revenue slid by 11.77% to GH¢157.08 million, cost-control measures and favorable foreign exchange fluctuations played a crucial role in trimming the losses. The company's operating loss narrowed from GH¢45.13 million to GH¢4.27 million, while the loss before tax decreased from GH¢70.08 million to GH¢4.73 million. Despite the revenue decline, STC's expenditure also fell by 18.70%, from GH¢198.71 million to GH¢161.49 million. The State Ownership Report by SIGA attributes these improvements to the company's concerted efforts to control costs and navigate the challenges of a competitive transport industry.",
  "summary": "Intercity STC Coaches Limited significantly reduced its net loss in 2025 despite a decline in revenue, with cost-control measures helping to narrow the company’s losses by more than 90%. According to the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA), STC’s net loss fell from GH¢69.98 million in 2024 to GH¢5.18 […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}