Rooney firm hit by €1m losses

FRAN Rooney’s latest venture Vimio has reported its first financial results since listing on London’s Alternative Investment Market (AIM) in September.

Vimio, which develops software to allows television and music to be played over mobile phones, lost over €1 million in the six months to end September.

But Mr Rooney, the former Baltimore Technologies and the Football Association of Ireland chief executive, said the company has made substantial progress.