Avis Europe posts H1 loss of 11.9 million euros

Newswire

LONDON, Aug 30 (Reuters) - Avis Europe Plc , Europe's biggest car rental company, posted a first-half pretax loss of 11.9 million euros ($15.3 million) on Thursday and said its overall expectations for the full year were broadly unchanged. Avis Europe, almost 60 percent owned by Belgian car distributor D'Ieteren , said in a statement its revenues rose 5.5 percent to 614 million euros in the six months to end-June but operatong profit fell "mainly on anticipated higher fleet cost".

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