Tobacco firm’s profits tumble 6%

Pre-tax profits at tobacco firm PJ Carroll last year fell 6% to €8.4m as the number of cigarettes legally bought in the State last year fell from 4.3bn to 4.1bn.

Accounts just filed with the Companies Office by PJ Carroll & Company Ltd show gross revenues at the firm last year fell 2.4%, from €251.7m to €245.6m.

After accounting for €211.1m paid in duty excise and other taxes last year, the firm’s net revenues last year fell from €35.5m to €34.5m.