Givaudan Posts Upbeat 2011 Net Profit
Givaudan SA (OTC: GVDNY) posted a 26% drop in its 2011 net profit.
For 2011, Givaudan will pay a dividend of CHF22.00 per share.
Givaudan's net profit dropped to CHF252 million, from CHF340 million in 2011, beating analysts' estimates of CHF239 million. Its sales dropped 7.6% to CHF3.92 billion, from CHF4.23 billion, versus analysts' estimates of CHF3.89 billion.
Givaudan shares closed at $19.00 yesterday.
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