The VC reports an operating deficit of 3.7 per cent for ‘22

This $28m loss “is exactly where we expected to be,” VC John Dewar told staff Monday. The university’s headline result was a $37m surplus, but that was largely based on a $42m donation tied to specific research.

“With healthy international student numbers this year, our plan is to return to a break-even operating result by the end of this year,” Professor Dewar said.

It’s a good result for Lt U, continuing improvements in pandemic-driven operating losses, $51m in 2020 and $19.5m in ’21 (CMM May 4 2022).