The Far Eastern University, Incorporated Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended November 30, 2016
January 16, 2017 at 08:58 am
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The Far Eastern University, Incorporated announced unaudited earnings results for the second quarter and six months ended November 30, 2016. For the quarter, the company reported revenues of PHP 799,952,298 against PHP 858,409,492 a year ago. Operating income was PHP 298,338,987 against PHP 344,821,418 a year ago. Profit before tax was PHP 351,920,945 against PHP 381,285,311 a year ago. Net profit attributable to owners of the parent company was PHP 310,815,847 or PHP 18.91 basic and diluted per share against PHP 333,712,320 or PHP 20.29 basic and diluted per share a year ago.
For the six months, the company reported revenues of PHP 1,180,013,401 against PHP 1,663,078,983 a year ago. Operating income was PHP 323,089,875 against PHP 763,880,597 a year ago. Profit before tax was PHP 411,600,943 against PHP 849,849,221 a year ago. Net profit attributable to owners of the parent company was PHP 342,107,750 or PHP 20.81 basic and diluted per share against PHP 741,650,571 or PHP 45.09 basic and diluted per share a year ago. Net cash from operating activities was PHP 288,062,339 against PHP 828,126,277 a year ago. Acquisitions of property and equipment were PHP 206,731,353 against PHP 157,864,640 a year ago. Book value per share as on November 30, 2016 was PHP 393.69 against PHP 399.37 a year ago. The decline in net profit is affected by the implementation of K-12 program during the current School Year (S.Y.) coupled by the shift in FEU and FEU Institute of Technology's (FEU Tech) academic calendar.
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 
