January 25, 2019 / 6:12 AM / 22 days ago

Givaudan profit drops after financial costs bite

ZURICH, Jan 25 (Reuters) - Givaudan said its net income fell by nearly 8 percent during 2018 after the fragrance and flavourings company was hit by higher financing costs and foreign currency losses.

The Swiss company reported net income of 663 million Swiss francs ($666.13 million), down from 720 million Swiss francs in 2017, missing the average estimate of 727 million francs in a Reuters poll of analysts.

$1 = 0.9953 Swiss francs Reporting by John Revill; Editing by Michael Shields

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