By  on February 10, 2010

Even as fourth-quarter sales rose 8.6 percent at fragrance supplier International Flavors & Fragrances Inc., profits slid 3.1 percent to $47.4 million, or 59 cents a diluted share, from $49 million, or 62 cents a share, in the same period a year ago.

Excluding restructuring expenses and prior-year tax settlements, adjusted EPS for the fourth quarter ended Dec. 31 was 63 cents a share versus 50 cents a share in the 2008 quarter, IFF noted.

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