Rifco still among the country’s fast-growing companies

Red Deer-based Rifco Inc. remains on Profit magazine’s list of Canada’s Fastest-Growing Companies.

Red Deer-based Rifco Inc. remains on Profit magazine’s list of Canada’s Fastest-Growing Companies.

The company, which provides consumer loans for new and used vehicles through its subsidiary Rifco National Auto Finance Corp., was ranked 261st on Profit’s 2014 list. Last year Rifco held down the number 85 spot.

The rankings were based on business’s revenue growth over a five-year period. In the case of Rifco, revenues jumped 261 per cent between 2008 and 2013, finishing at just over $24 million.

“Rifco National Auto Finance has succeeded because we add value to Canadian automobile dealerships,” said Rifco president and CEO Bill Graham in a release.

“Increasingly, our speed and service at processing auto loan applications is being recognized.”

On Wednesday, Rifco issued its most recent financial results, for its fiscal year ended March 31.

These included record revenues of $30.3 million, a 26 per cent improvement over the preceding year.

The Profit 500 list can be found online at PROFITguide.com, and will be published in the July issue of Canadian Business.

Just Posted

Red Deer church donates to Safe Harbour

It was all about helping those in need at Safe Harbour in… Continue reading

Former firefighter with PTSD sues Syncrude over suspended benefits, dismissal

CALGARY — A lawsuit filed by a former firefighter and paramedic against… Continue reading

Call for tighter bail rules after Saudi sex-crime suspect vanishes

HALIFAX — Mohammed Zuraibi Alzoabi may have hoped to quietly disappear from… Continue reading

Democrats aren’t buying Trump’s shutdown-ending ‘compromise’

WASHINGTON — In a bid to break the shutdown stalemate, President Donald… Continue reading

Updated: Red Deer welcomes 2019 Canada Winter Games Team Alberta

About 250 Alberta athletes are participating in the Games

Students seen mocking Native Americans could face expulsion

One 11-minute video of the confrontation shows the Haka dance and students loudly chanting

Curtain rising Sunday night on total lunar eclipse

CAPE CANAVERAL, Fla. — The celestial curtain will be rising soon on… Continue reading

At 30-day mark, shutdown logjam remains over border funding

WASHINGTON — Thirty days into the partial government shutdown, Democrats and Republicans… Continue reading

Holocaust victims buried after remains found in UK museum

LONDON — The remains of six unidentified Holocaust victims were buried in… Continue reading

Giuliani: ‘So what’ if Trump and Cohen discussed testimony

WASHINGTON — President Donald Trump’s lawyer Rudy Giuliani left open Sunday the… Continue reading

Photos: Rocks fly at 37th Annual Oilmen’s Bonspiel

Twenty-nine teams gathered at the Pidherney Curling Centre in Red Deer for… Continue reading

Death toll reaches 79 in Mexico fuel pipeline fire horror

TLAHUELILPAN, Mexico — People in the town where a gasoline explosion killed… Continue reading

With Trump out, Davos chief eyes fixing world architecture

DAVOS, Switzerland — The founder of the World Economic Forum says U.S.… Continue reading

Mexican pipeline explosion kills 71, leaves nightmare of ash

TLAHUELILPAN, Mexico — Gerardo Perez returned Saturday to the scorched field in… Continue reading

Most Read