Vacunacionadultos

Massey University forecasts multi-million-dollar loss

Massey University vice-chancellor Jan Thomas says Covid-19 has affected the university’s finances.

MURRAY WILSON/Stuff

Massey University vice-chancellor Jan Thomas says Covid-19 has affected the university’s finances.

Massey University is forecasting a $9 million loss for the year due to the effect of Covid-19.

Massey’s vice-chancellor Jan Thomas announced an operating surplus of $11.6m for the nine months to September 30 at the university’s council meeting on Thursday, which was above budget by $1.3m.

But the university is forecasting a deficit for the year of $9m, compared with its budgeted surplus of $16m for the year.

Border restrictions have been in place in New Zealand since the Covid-19 pandemic hit earlier this year, preventing fee-paying international students coming, which has cost universities financially.

READ MORE:
* More Massey staff under threat as university looks to work with Kaplan International
* Funding allows the research centre Riddet Institute to probe future of food
* Request to withdraw Massey staff gagging order denied

Thomas said

Read More