Pro tability Performance of George Town Cooperative Bank Ltd

 Profi t serves as a yard stick for judging the competence and
effi ciency of the management. Profi t determines the fi nancial
position, Liquidity and solvency of the company. Therefore, profi t
planning is a fundamental part of the overall management function
and is an important part of the total budgeting process. The main
objective of any business organisations to earn profi t. The term
profi tability refers to an indication of the effi ciency with which
of the operation of the business is carried on. A poor operational
performance may lead to lower profi tability. Lower profi tability may
rise due to lack of control over the expenses. The bankers, fi nancial
institutions, Cooperative credit Societies and other creditors consider
profi tability ratio as an indicator to take major decisions.