Economy Country February 25, 2025

Cuban Cigars Generate Record Profits

Habanos S.A. reports a record profit of $827 million, sustaining valuable foreign currency for the Cuban regime. The cigar business continues to thrive alongside rum exports.


Cuban Cigars Generate Record Profits

Habanos S.A. has announced a record profit of 827 million dollars. The Cuban cigar business and rum exports are two of the few industries that continue to generate foreign currency for the Island's regime.

This achievement comes despite the economic difficulties caused by the COVID-19 pandemic. The Cuban state company is known for producing iconic cigar brands such as Cohiba, Montecristo, and Partagás.

"We are very satisfied with the results achieved in such a complicated year as 2020. Our brands continue to be recognized worldwide for their quality and tradition," said a representative of Habanos S.A.

The demand for Cuban cigars remains high in markets such as Spain, China, and France. Despite travel restrictions and trade measures, the sale of habanos has managed to remain stable over the past year.

With this news, Habanos S.A. demonstrates its ability to adapt to the challenges of the international market and maintain its position as a leader in the tobacco industry.