Autohellas-Hertz profits up

Autohellas-Hertz<.> enjoyed greater turnover and profits in the first half of the year compared to 1999. Turnover rose from 8.2 billion drachmas to 10.2 billion drachmas, representing a rise of 25%, while profits jumped 27% – from 4.5 million drachmas to 5.7 million drachmas.

The firm notes that its most profitable period is May to October, and that the abovementioned figures cover just the first two months of their peak sales period.

According to company forecasts, the trend should continue throughout 2000, marking the end of a three-year period of rapid expansion.

Autohellas-Hertz spent 11 billion drachmas on adding new cars to its fleet, which is now worth 51 billion drachmas. The firm expects its fleet of cars will exceed 14,500 within 2000, more than double the figure for 1997.

Theodore Koumelis

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Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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