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Article: Education Management Reports Fiscal 2006 Fourth Quarter and Full Year Results.
- Article from:
- PR Newswire
- Article date:
- September 26, 2006
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PITTSBURGH, Sept. 26 /PRNewswire/ -- Education Management, one of the largest providers of post-secondary education in North America, today reported its financial results for the three and twelve months ended June 30, 2006. On a combined basis for the fourth quarter of fiscal 2006, net revenues rose 14.4% to $292.0 million from the fourth quarter of fiscal 2005. For the twelve months ended June 30, 2006, net revenues rose 14.8% to $1,170.2 million from fiscal 2005 with net income of $80.7 million.
John R. McKernan, Jr., Chairman and CEO of Education Management, commented, "Through the hard-work and dedication of our employees, we were able to report another ...