Cigarette manufacturer PJ Carroll profits jump 40% despite black market concerns

Operating profits at the Irish arm of cigarette manufacturer, PJ Carroll last year rose 40% to €10.7m in the face of continuing competition from the black market.

New figures show that the company’s profits increased almost €4m “as a result of management of costs and overheads”.

Net revenues also stabilised for the first time slipping marginally from €31.33m to €31.32m after “numerous years of decline”.