• Submitted by: manso
• Business and Economy
• 09 / 07 / 2010

---

Continuing its steady growth, sales of Cuban-made Havana Club rum rose 5 percent in the 2009-10 financial year, Pernod Ricard SA said in its annual financial report.

Havana Club sales expanded at the same rate the previous financial year.

In what CEO Pierre Pringuet called a “strong and sound” performance, the Paris-based company saw overall revenues shrink by 2 percent in 09-10, while net income dropped 3 percent.

The drops were caused by the disposal of some existing brands, and the negative impact of currency fluctuations. Sales of existing brands rose 2 percent, profits from existing brands rose 4 percent.

The liquor giant is the worldwide distributor of Havana Club, which Pernod Ricard produces in a joint venture with a Cuban state company.

Source: www.cubastandard.com/2010/09/02/havana-club-sales-bolster-pernod-ricard-...