Lastminute.com posts £35.7m loss

The online retailer lastminute.com today reported a loss of £35.7 million despite a steep rise in the amount of business carried through its websites.
The company, which is today posting its first full-year results as a publicly traded company, said that the total value of transactions through its sites for the last quarter was up nearly 40 per cent on the previous three-month period.
Goods and services worth £13.2 million were sold in the three-months to September 30, compared with £9.6 million in the quarter to the end of June. A total of £34.2 million was sold for the year as a whole, compared with £2.6 million in the previous year.
Lastminute`s customer base across Europe grew to almost 3 million subscribers, from 364,750 last year.

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