Rifco Inc. has reported net income of $677,000 for the quarter ended June 30. That’s up from a net loss of $120,000 in the same period of 2010 and translated into earnings per share of three cents, up from a loss of one cent a year earlier. The Red Deer company, which provides non-traditional loans in the automotive sector, had revenues of $3.9 million in the quarter, a 33 per cent increase from $3 million in the same quarter in 2010. It also posted record loan originations of $15 million, a 63 per cent jump from $9.2 million in the same quarter last year.