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Rifco Reports Third Quarter Results | MarketScreener


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Red Deer, Alberta (Newsfile Corp. - February 24, 2021) - Rifco Inc. (TSXV: RFC) ( Rifco or the Company ) is pleased to announce its consolidated third quarter results for the period ended December 31, 2020.
Third Quarter Highlights
On November 27, 2020, Rifco declared a $0.35 per common share special dividend. The dividend was paid in cash on December 7, 2020 in the amount of $7.6M.
Rifco reported year-to-date Adjusted Net Income before Taxes of $3.8M and $0.18 per share. This is 518% higher than the prior year. This is the best Adjusted Net Income before Taxes the Company has achieved since 2016 despite the ongoing COVID-19 pandemic. Adjusted Net Income before Taxes removes the effects of the non-cash change in provision for impairment and one-time strategic review expenses. Net income including these items and taxes, was $4.1M and $0.19 per share. ....

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