The Far Eastern University, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2022
January 13, 2023 at 03:40 am EST
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The Far Eastern University, Incorporated reported earnings results for the second quarter and six months ended November 30, 2022. For the second quarter, the company reported sales was PHP 5.7 million compared to PHP 0.878951 million a year ago. Revenue was PHP 1,462.77 million compared to PHP 1,178.47 million a year ago. Net income was PHP 707.35 million compared to PHP 614.72 million a year ago. Basic earnings per share from continuing operations was PHP 29.52 compared to PHP 25.64 a year ago. Diluted earnings per share from continuing operations was PHP 29.52 compared to PHP 25.64 a year ago.
For the six months, sales was PHP 11.17 million compared to PHP 11.94 million a year ago. Revenue was PHP 1,884.72 million compared to PHP 1,586.12 million a year ago. Net income was PHP 613.36 million compared to PHP 574.36 million a year ago. Basic earnings per share from continuing operations was PHP 25.6 compared to PHP 23.96 a year ago. Diluted earnings per share from continuing operations was PHP 25.6 compared to PHP 23.96 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 
