RMIT University, Australia's largest and most internationalised tertiary institution, recorded a group surplus of $67.4 million in 2013.
RMIT's Annual Report, tabled in State Parliament last week, shows that the University increased revenue to $924.9 million from $860.7 million in the previous year (after excluding deferred superannuation benefits). For the consolidated group, revenue increased to $1,012.4 million from $925.8 million.
RMIT Vice-Chancellor and President, Professor Margaret Gardner AO, said:
"In 2013, RMIT's global presences and reach were all extended. The University opened a new centre in Barcelona to focus on postgraduate education, research and industry collaboration, and commenced an educational partnership in Indonesia with Universitas Pelita Harapan."
RMIT was also the first Australian institution to receive funding from the EU to support a new research training network across Europe, with $5 million awarded to the Architecture, Design and Art Practice Training Research Network.
The University was proud to receive the Premier's Award for International Education Provider of the Year and the award for Excellence in International Education (University) at the inaugural Victorian International Education Awards.
While competition for students has continued to increase, RMIT has maintained its position as a world leader in international education, with 11,000 international students in Australia and 18,000 offshore (including 7,000 at RMIT Vietnam).
RMIT's new buildings on the City campus - the Swanston Academic Building and the RMIT Design Hub - were recognised nationally and internationally with a range of architectural, construction and sustainability awards.
RMIT's strong financial performance has enabled it to continue investing in education and research, and 2013 saw the completion of a new academic building at RMIT Vietnam, effectively doubling the available teaching space on the Saigon South campus.
"In research, RMIT won a total of $15.16 million during 2013 in competitive peer-assessed research income through Australian Research Council grants, placing RMIT in the top three universities in Victoria in terms of research funding," Professor Gardner said.
The University's commitment to transforming the lives of its students was maintained through various equity and scholarship schemes. RMIT awarded more than 2,000 scholarships to its students in 2013.
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