UCC posts €2.8m net deficit despite boost from IMI acquisition

Ireland“UCC’s acquisition of the Irish Management Institute (IMI) was a major driver of a 7.7% increase in the university’s income to €371.7m in 2017, according to its latest accounts. However, UCC still reported a net deficit of almost €2.8m for the year ending September 2017 after a sharp rise in staff costs and other operating expenses. It followed a surplus of €562,000 the previous year …” (more)

[Seán McCárthaigh, Irish Examiner, 28 June]

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