Swiss flavours and fragrances maker Givaudan posted an increase in first-half net profit today (4 August) and said its business had proven "resilient" in a difficult economic environment.

Net profit for the period to 30 June totalled CHF95m (US$89m) from CHF94m in the comparable period of the previous year.

Sales however, for the first six months of the year totalled CHF1.99bn, a decrease of 0.9% in local currencies and 4.7% in Swiss francs.

Excluding the impact of a divested business in Givaudan's flavours division, sales decreased by 0.6% in local currencies versus the same period in 2008.

Operating income for the period increased slightly to reach CHF245m from CHF238m last year.

Givaudan's flavour division recorded sales of CHF1.09bn, an increase of 0.2% in local currencies and a decrease of 3.2% in Swiss francs.

Excluding the impact of the divested St Louis business, sales in the first half year
2009 increased by 0.8% in local currencies versus the same period in 2008.