Lastminute.com heads for profit

Shares in Lastminute.com nudged higher this morning after the online bucket shop reported that it was set to make an operating profit by the summer.

Publishing its Q4 results, Lastminute.com reported that revenue for the quarter jumped by more than half to £4.77 million compared to the same period last year.

Pre-tax losses for the quarter ended December 31 fell by a third to £7.17 million.

The improvement has left Lastminute.com confident that it is on track to deliver an operating profit for its UK and French operations by June.

By mid morning shares were up 3p (8 per cent) 41p. ®