Lastminute.com has confirmed that it will deliver pre-tax profits for the first time.
The online retailer said that its total transaction value - the value of products or services sold - would rise to £110m in the quarter ending in September from £61m in the previous three months.
Chief executive Brent Hoberman said in a trading statement: "We are also pleased to announce that for the first time lastminute.com will deliver profit before tax (excluding goodwill amortisation and exceptional items) and positive operating cash flow in this key quarter."
He explained that both the UK and France had "performed exceptionally" with organic growth rates of approximately 73 per cent and 46 per cent respectively, compared with the previous year.
Lastminute said that much of the upturn in trading and profits was the result of contributions from its acquisitions, which include Travelselect.com and the Destination Group.
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