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The Black Market Remains 'A Huge Challenge' For PJ Carroll

Published on Sep 26 2017 2:21 PM

The Black Market Remains 'A Huge Challenge' For PJ Carroll

The black market remains a huge challenge, a spokesperson for PJ Carroll has said.

The directors said the illicit trade here is larger than in many EU countries, due to the high prices of tobacco products, following a series of budget hikes, reports Independent.ie.

Its pre-tax profits reportedly fell 36%, to €5 million, as gross revenues declined to €205.63 million, down from €215.3 million. in the previous year.

The company, last year, paid a dividend of €1.72 million, down from the payout it made of €4 millon in 2015.

The cigarette firm also cites future regulatory measures, such as plans by the Government for plain-packaging legislation to be introduced, as a risk for the company.

© 2017 - Checkout Magazine by Donna Ahern

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