COK credits aggresive cost, debt management for turnaround - Business - JamaicaObserver.com

COK credits aggresive cost, debt management for turnaround - Business - JamaicaObserver.com: "COK Sodality Co-Operative Credit Union reported a surplus of $50.2 million in 2011, a turnaround after three consecutive years of losses.
The performance beat expectations and was achieved by holding operating costs to two per cent over 2010 — significantly below the inflation figure of seven per cent reported for 2011; improvements in realised trading gains on investments and keeping a sharp focus on debt management, which resulted in the recovery of over $77 million from bad debts previously charged or written off, said the company."

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