The Far Eastern University, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2023
January 14, 2024 at 09:51 pm EST
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The Far Eastern University, Incorporated reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was PHP 14.81 million compared to PHP 5.7 million a year ago. Revenue was PHP 1,590.3 million compared to PHP 1,462.77 million a year ago. Net income was PHP 664.71 million compared to PHP 707.35 million a year ago. Basic earnings per share from continuing operations was PHP 27.78 compared to PHP 29.52 a year ago. Diluted earnings per share from continuing operations was PHP 27.78 compared to PHP 29.52 a year ago.
For the six months, sales was PHP 20.38 million compared to PHP 11.17 million a year ago. Revenue was PHP 2,158.95 million compared to PHP 1,884.72 million a year ago. Net income was PHP 591.62 million compared to PHP 613.36 million a year ago. Basic earnings per share from continuing operations was PHP 24.73 compared to PHP 25.6 a year ago. Diluted earnings per share from continuing operations was PHP 24.73 compared to PHP 25.6 a year ago.
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 
