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Saturday 21 October 2017

Carroll profits tumble

TOBACCO company PJ Carroll saw 52.4pc of its profits go up in smoke as it recorded €10.1m in pre-tax profits.

The number of cigarettes smoked in Ireland fell back to 4.5bn from 5.1bn within the year.

The Dublin-headquartered company, which is owned by British American Tobacco, said the total market volume decline of cigarettes was 11.6pc last year and the decline was primarily due to the growth in illicit trade.

Revenue in the year was down from €223.8m to €217.8m, according to the accounts of PJ Carroll & Company Limited.

In addition to the Carroll brands, it also distributes Rothmans, Major, Kent, Dunhill and Lucky Strike.

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