The Far Eastern University, Incorporated Reports Earnings Results for the Full Year Ended May 31, 2020
September 13, 2020 at 09:07 pm EDT
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The Far Eastern University, Incorporated announced earnings results for the full year ended May 31, 2020. For the full year, the company announced total revenue was PHP 3,589.744 million compared to PHP 3,359.034 million a year ago. Operating income was PHP 771.945 million compared to PHP 668.196 million a year ago. Net income was PHP 621.398 million compared to PHP 753.271 million a year ago. Basic earnings per share from continuing operations was PHP 25.92 compared to PHP 31.41 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.