3M: Quarterly profit advances 5.8%

Comment on this story

3M reported second-quarter profit yesterday that matched analysts’ estimates as the US maker of Post-it notes and Scotch tape works to boost sales in high-margin emerging markets. Net income rose 5.8 percent to $1.27 billion (R13bn), it said. Chief executive Inge Thulin has expanded the research budget, realigned business units and emphasised international growth. He said 3M would look to develop fast-growing business lines such as air and water filtration. “Quick product development, global expansion, strong presence in a broad array of economic sectors and flexible product lines enable 3M to identify, target and seize dynamic growth opportunities as they emerge,” Matt Arnold, an analyst at Edward Jones, said last month. – Bloomberg

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines