Sydney University Reports $106.6 Million Surplus as Domestic Enrolments Rise

Students walk through The Quadrangle at the University of Sydney in Sydney, Australia, on May 8, 2013. AAP Image/Paul Miller

The University of Sydney is the latest member of the Group of Eight universities to report an operating surplus for 2020 despite the border lockdowns, which cost the sector around $1.8 billion in total revenue.

On Thursday, Vice-Chancellor Stephen Garton reported that the university had an operating surplus of $106.6 million (US$82.3 million) last year after cutting costs by $257 million.