Red Deer, Alberta / ACCESSWIRE / June 25, 2014 / Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") is pleased to report that the Company has been ranked No. 426 on the "Top 1000: Exclusive rankings of Canada's most profitable companies" by The Globe and Mail's Report on Business Magazine published on June 25, 2014. The companies being ranked are the 1,000 largest publicly traded Canadian corporations, measured by assets. Rankings are based on after-tax profits in the most recent fiscal year, excluding extraordinary gains or losses.
Rifco's ranking on this year's list was based on the Company's March 31, 2013 year end results.
Rifco was ranked as 426th for largest profit - $4.7M, up from a 493rd ranking in the prior year.
Rifco was ranked 10th for largest return on equity - 57.1%.
It is of note that Rifco's profit for the most recent year, ending March 2014, was $6.4M.
About The Globe and Mail and Report on Business Magazine
The Globe and Mail, through its newspaper, magazine, online and mobile platforms, is Canada's foremost news media company. Each day, The Globe leads the national discussion by engaging Canadians in its award-winning coverage and analysis of news, politics, business and lifestyle. The Globe and Mail, Canada's national newspaper, founded in 1844, Report on Business, Canada's most influential business magazine, and globeandmail.com, the newspapers online and mobile media hub, reach a combined 5.7 million readers every month.
About Rifco Inc.
Rifco Inc. operates through its wholly owned subsidiary Rifco National Auto Finance Corporation to provide automobile loans through its dealership network across Canada.
Rifco National Auto Finance provides consumers with financing options on new and used vehicles. Rifco specializes in building long-term partnerships with dealers by investing time in personalized services through dedicated account representatives. Rifco's quick credit decisions, common sense lending, and expedited funding processes give its dealers better financing options and more closed deals. Rifco's most successful partnerships result in Fast Forward 500 status for its loyal dealerships.
Rifco is committed to continuing growth. Key strategies for achieving this growth include the expansion of its automobile dealer base, excellence in credit and collections processes, and exceptional service to its Dealer partners and its customers.
The common shares of Rifco Inc. are traded on the TSX Venture Exchange under the symbol "RFC". There are 21.03 million shares outstanding and 22.70 million (fully diluted) shares.
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CONTACT: Rifco Inc. Lance A. Kadatz Vice President and Chief Financial Officer Telephone: 1-403-314-1288 EXT 7007 Fax: 1-403-314-1132 Email: [email protected] Website: www.rifco.net |
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information herein.
SOURCE: Rifco Inc.