Uni reports an '08 surplus
Published on 02 March, 2009
CQUniversity finished 2008 with a surplus of $6.506 million (compared to a deficit of $5.532 million in 2007) with a healthy overall cash position, due in part to a strong financial performance from its international education subsidiary, CMS.
CQUniversity paid $12 million to fully acquire CMS at the end of 2007. CMS contributed $15 million in dividends and management fees to the University in 2008. More information regarding the University's performance will be available in the 2008 Annual Report, due for release in April.