lastminute.com results better than expected

– Despite announcing losses of £17 million, online retailer lastminute.com has stated its latest interim results are better than expected.

– Despite announcing losses of £17 million, online retailer lastminute.com has stated its latest interim results are better than expected.

Lastminute's share price closed up 3.4 per cent, or 8 pence, at 245 pence. However, it still languishes some way below the flotation price of 380 pence.

Brent Hoberman described the £17 million loss as a necessary investment to build sales, reiterating projections by analysts that the company would be profitable by the end of 2003.



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