Feeds

Lastminute's losses grow

Cash burn cut

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Lastminute.com's first quarter losses have grown to £15.4 million, up from a mere £6 million for the same period a year earlier.

For the three months to 31 December sales rose to £2.9 million from £409,000 the year before.

But the company's shares rose 6.5 per cent to 74 pence because it announced its burning less cash. Bloomberg quotes a Lehman Brothers analyst who says rates the company as a 'strong buy.'

Gross profit was £2.8 million. The number of subscribers grew by just 10,000 in the quarter to 2.86 million.

Lastminute said it had about £70.9 million in cash left as of Dec. 31. ®

Related Stories

Martha 'Most Overrated Businessperson' in UK

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.