UPDATE 1-Avis Europe posts higher profit


* Underlying pretax profit 51 mln euros vs 35.2 mln euros last year * Revenue up 9 pct to 1.52 bln euros Feb 28 (Reuters) - Car rental firm Avis Europe Plc posted a higher full-year profit, boosted by an improvement in volumes amid market recovery and as the company continued to cut costs. The company, which serves customers under the Avis and the Budget brands, expect overall volumes to further improve in 2011. Underlying pretax profit was 51 million euros ($69.7 million) for the ...

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