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