Fleet News

Avis Group Holdings profits up

AVIS Group Holdings, the New York-based rental company which has a 20% stake in PHH Europe has reported third quarter profits of $48.4 million on revenue virtually unchanged at £1.1 billion.

New income for the first nine months of the year is £105.4 million. Included in Avis Group's third quarter figures were pre-tax earnings from PHH Europe of $3.6 billion for the quarter under review.

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