Online retail site Lastminute.com says it is on track for breakeven at an operational level in Britain and France in nine months' time.
The company said at the time of its interim results it expected to make a profit at its core British and French businesses within a year.
Lastminute reported a net loss for the third quarter ended June 30th of £8.9 million sterling, down 16.8 per cent on the previous quarter, on goods sold on its site worth £29.3 million.
It said the fourth quarter had started "extremely well".