Givaudan posts surprise profit drop as financial costs bite
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ZURICH (Reuters) - Givaudan said its 2018 net income fell by nearly 8 percent as higher financing costs and foreign currency losses hit the fragrance and flavourings company.The Swiss company reported net income of 663 million Swiss francs (£508.1 million), down from 720 million Swiss francs in 2017, badly missing the average estimate of 727 million francs in a Reuters poll of analysts.Financing costs rose to 55 million francs from 42 million francs a year earlier, largely related to its..