DeVry Inc.`s fourth-quarter net income more than tripled, to $1.6 million, or 19 cents a share, from $479,000, or 14 cents a share, a year earlier, when there were fewer shares outstanding. Revenues of the Oakbrook Terrace-based operator of DeVry Institutes and the Keller Graduate School of Management rose to $43 million from $41 million.
For the full year, DeVry`s profit rose to $22 million, or $2.61 a share, from a loss of $3.6 million, or $2.99 a share, in fiscal 1991. Revenues grew to $179 million from $163 million.
David J. Keller, chairman of DeVry, said the improved results stemmed from rising new-student enrollment and continued control of expenses, including lower interest costs.
He added, ”We anticipate continued strong growth in the coming year.”
