Car-hire firm reports €5.7m profit last year

Johnson & Perrott, the family firm that owns the Avis car rental licence for Ireland, made a profit of €5.7 million on sales of €125 million last year.

Ian Kehoe - avatar

Ian Kehoe

11th December, 2004

Johnson & Perrott, the family firm that owns the Avis car rental licence for Ireland, made a profit of €5.7 million on sales of €125 million last year.

The Cork company, one of the oldest family businesses in the state, had retained profits of more than €47 million and shareholders' funds of almost €50 million, according to accounts just filed.

The company ended the year with €15.4 million in the bank and stock valued at...

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