Profit falls for fragrance company

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International Flavors & Fragrances Inc., a creator of flavors and fragrances for consumer products, on Thursday reported a fall in profit for the fourth quarter, weighed down by items, amid a marginal growth in revenue.

The company, with a facility in Augusta, reported that net income for the quarter was $24.3 million, or 30 cents per share, down from $55.5 million, or 68 cents per share, in the fourth quarter of 2010.in the prior year.

Revenue grew 2 percent to $644.3 million from $629.8 million.

“Thanks to the focus and dedication of the organization, we delivered progress in several key areas...I remain confident in our ability to continue to navigate through these uncertain times as we strive to achieve our long-term targets in 2012,” said IFF Chairman and Chief Executive Officer Doug Tough.


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