14 Jun 2016

Insurance payout helps Lincoln Uni to surplus

9:28 pm on 14 June 2016

Lincoln University has recorded its first profit in eight years thanks to a big insurance payout.

The university's 2015 annual report shows the $27 million payment for damage caused by the 2011 Canterbury earthquake helped the university to an $18 million surplus.

Without the payment, Lincoln would have made a $5 million deficit.

The report says Lincoln had 2934 full-time students last year, 50 fewer than in 2014, but enrolments are looking better this year.

The government has been monitoring Lincoln's finances closely in the past year.