The Far Eastern University, Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended February 28, 2023
April 13, 2023 at 05:19 am EDT
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The Far Eastern University, Incorporated reported earnings results for the third quarter and nine months ended February 28, 2023. For the third quarter, the company reported sales was PHP 7.53 million compared to PHP 2.23 million a year ago. Revenue was PHP 1,456.9 million compared to PHP 1,206.69 million a year ago. Net income was PHP 599.31 million compared to PHP 510.21 million a year ago. Basic earnings per share from continuing operations was PHP 25.02 compared to PHP 21.29 a year ago. Diluted earnings per share from continuing operations was PHP 25.02 compared to PHP 21.29 a year ago.
For the nine months, sales was PHP 18.7 million compared to PHP 14.17 million a year ago. Revenue was PHP 3,341.61 million compared to PHP 2,792.8 million a year ago. Net income was PHP 1,212.67 million compared to PHP 1,084.57 million a year ago. Basic earnings per share from continuing operations was PHP 50.62 compared to PHP 45.25 a year ago. Diluted earnings per share from continuing operations was PHP 50.62 compared to PHP 45.25 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 
