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Givaudan Half-Year 08
Posted: August 5, 2008
Givaudan reported first-half 2008 results of CHF2,095 million, a gain of 13.5%, or 3% on a pro forma basis. Gross profit declined from 47.6% to 46.5%. The fragrance division sales rose 14.7% to CHF 962 million, boosted by strength in consumer products and a double-digit gain in specialty ingredient sales. Fine fragrances declined, but were aided by new launches in the second quarter.
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