Te Pūkenga moves to surplus as cost-cutting continues

Te Pūkenga has been cost-cutting. (Image: Te Pūkenga)

Tue, 06 Aug 2024

Mega polytech Te Pūkenga says it has moved into operating surplus after extensive cost-cutting and rationalisation.The organisation has delivered a year-to-date surplus for the six months to June 30 of $28.5 million compared with an operating deficit of $37.9m in the year ending 2023.“By June 2024 we have reached our targeted number of domestic learners and increased international enrolments by 35%,” chief executive Gus Gilmore said.The half-year improvement is driven by its institutes of technology and polytechnics unit reducing it...

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