RIFCO Inc. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported interest and fee income was $8,358,000 compared to $8,429,000 a year ago. Net financial income before provision for impairment was $6,120,000 compared to $6,078,000 a year ago. Adjusted Net Financial Income before Operating Expenses were $3,143,000 compared to $3,579,000 a year ago. Adjusted Income before Taxes were $372,000 compared to $1,124,000 a year ago. Adjusted Total Comprehensive Income was $411,000 compared to $725,000 a year ago. Adjusted Net Income per common share basic and diluted was $0.019 compared to $0.034 a year ago. Net loss per common share basic and diluted was $0.010 compared to net earnings per common share basic and diluted of $0.044 a year ago. Modified Funds Flow from Operations decreased to $1.39 million from $2.23 million in the comparable quarter.  The Modified Funds Flow from Operations of $0.06 per share in the current quarter, is a decrease from $0.10 per share in the comparable period. The Company is reporting a net loss of $0.21 million, a decrease of $1.16 million from the comparable quarter of $0.96 million and a decrease of $0.97 million from $0.76 million net income in the preceding quarter.

 For the fiscal year 2018, the company expects to achieve finance receivables between $240 million to $260 million. To achieve financial revenue of between $35 million to $37 million. To achieve earnings per share of $0.10 - $0.15.