lastminute.com Reduces Losses

lastminute.com has said that its UK and French operations should move into profit later this year.
The company said losses before tax and one-off costs for the first three months of its financial year dipped to GBP 7.2 million, down from over GBP 11 million during the same period one year earlier. Turnover for the period rose to GBP 4.8 million from GBP 2.9 million the previous year.


lastminute said it had seen a significant increase in the number of subscribers and customers and that the ratio of ?elookers-to-bookers?f had risen to 16.1%, up from 8.9% in the same period a year before.


Last month lastminute said its Australian business had recorded its first monthly profit during December and has announced a joint venture in Japan (see separate story today).

 

www.lastminute.com

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