The Far Eastern University, Incorporated Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended November 30, 2017
January 12, 2018 at 07:33 am
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The Far Eastern University, Incorporated announced unaudited earnings results for the second quarter and six months ended November 30, 2017. For the quarter, the company reported revenues of PHP 804,424,877 against PHP 804,288,422 a year ago. Operating income was PHP 276,912,572 against PHP 299,349,748 a year ago. Profit before tax was PHP 294,443,652 against PHP 351,911,363 a year ago. Net profit attributable to owners of the parent company was PHP 256,069,284 or PHP 15.59 basic and diluted per share against PHP 310,815,847 or PHP 18.91 basic and diluted per share a year ago.
For the six months, the company reported revenues of PHP 1,179,758,853 against PHP 1,187,329,230 a year ago. Operating income was PHP 227,589,919 against PHP 325,029,454 a year ago. Profit before tax was PHP 290,037,740 against PHP 411,600,943 a year ago. Net profit attributable to owners of the parent company was PHP 227,717,420 or PHP 13.86 basic and diluted per share against PHP 342,107,750 or PHP 20.81 basic and diluted per share a year ago. Net cash from operating activities was PHP 483,419,640 against PHP 310,103,494 a year ago. Acquisitions of property and equipment were PHP 428,250,724 against PHP 206,731,353 a year ago. Addition to investment properties were PHP 8,851,404 against PHP 14,395,911 a year ago. Book value per share as on November 30, 2017 was PHP 544.
Far Eastern University, Incorporated is a Philippines-based educational institution. It operates through three segments: FEU Main, Trimestral Schools, and Other Schools. It is comprised of seven institutes, which includes the Institute of Accounts, Business and Finance, Institute of Architecture and Fine Arts, Institute of Arts and Sciences, Institute of Education, Institute of Heath Sciences and Nursing, Institute of Law, and Institute of Tourism and Hotel Management. The Companyâs flagship programs include teacher education and business administration. It also offers senior high school programs in FEU High School, FEU Alabang, FEU Cavite, and FEU Diliman. It has also partnered with the Jerudong Park Medical Centre (JPMC) to establish the first private health science college in Brunei Darussalam, the JPMC College of Health Sciences. Its subsidiaries include East Asia Computer Center, Inc., Far Eastern College Silang, Inc., FEU Alabang, Inc., and FEU High School, Inc.
THE FAR EASTERN UNIVERSITY, INCORPORATED 
