I was disappointed by the error
in the December edition of your magazine. On page 52 you rank Educational Institutions by Profit After Tax.
You have omitted the Eastern Institute of Technology. EIT Hawkes Bay made profit of $1.362 million before extraordinaries ($l.814 million after) from revenue of $20.027 million. Staffing FTEs were 282.
Not only does this outcome position EIT well up your list in absolute terms but it puts EIT at the top when net surplus is expressed as percentage of revenue.
In this latter regard I’m sure you would agree that performance is at least as important as size.
Bruce Martin, FNZIM
Chief executive
EIT Hawkes Bay
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