12 Jun 2010

Another deficit recorded by Lincoln University

3:59 pm on 12 June 2010

Lincoln University has recorded a loss for a second consecutive year.

The university's annual report says it was $2.8 million in the red last year, after a loss of $1.3 million in 2008.

It was the only deficit among the eight universities.

The report says Lincoln's financial position is strong, although there are concerns about attaining a sustainable position that is better than break-even.

A four-year decline in student numbers at the university ended last year, when 2666 full-time students were enrolled.

That increase was driven by domestic students, with international student numbers continuing to fall.