Vita Cortex firms record net losses of €2.3m

Firms at Jack Ronan’s Vita Cortex group recorded net losses of €2.3 million last year, new figures show.

Returns made by the group’s holding firm, Vita Five Five Ltd, show that five of the group’s nine firms recorded combined losses of €2.6m in the 12 months to the end of April 30, 2013.

Two firms also recorded combined profits of €251,000 resulting in the net combined post-tax loss of €2.3m.