Group losses wipe out Vita profit

Five firms in Jack Ronan’s Vita Cortex Group recorded combined profits of €7.5m last year.

However, figures show that the profits were more than wiped out in losses sustained in nine other Vita Cortex firms with combined losses of €8.1m in the 12 months to the end of Apr 30 last.

The 14 firms had net shareholder funds totalling €8.8m at the end of April.