The Far Eastern University, Incorporated Reports Earnings Results for the Third Quarter Ended February 28, 2021
April 14, 2021 at 12:53 am EDT
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The Far Eastern University, Incorporated announced earnings results for the third quarter ended February 28, 2021. For the third quarter, the company announced total revenue was PHP 904.237 million compared to PHP 986.450 million a year ago. Operating income was PHP 233.133 million compared to PHP 251.454 million a year ago. Net income was PHP 248.880 million compared to PHP 187.022 million a year ago. Basic earnings per share from continuing operations was PHP 10.38 compared to PHP 7.8 a year ago. For the nine months, total revenue was PHP 2,441.224 million compared to PHP 2,734.984 million a year ago. Operating income was PHP 676.076 million compared to PHP 755.720 million a year ago. Net income was PHP 689.414 million compared to PHP 680.978 million a year ago. Basic earnings per share from continuing operations was PHP 28.75 compared to PHP 28.4 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 
