03:57 PM EST - RIFCO Inc. : announced its financial results for the first quarter ending June 30, 2010. The Company is pleased to report that RIFCO is on track for its fifth consecutive profitable year. Net income for the quarter is $416,370, a 153% increase from the $164,650 reported in Q1 of the prior year. This has resulted in EPS of $0.02 in the quarter up from $0.01 in the comparable quarter. Revenue in the quarter grew to $3,696,908, a 28.2% increase from $2,882,739 reported in Q1 of the prior year. RIFCO Inc.
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