PPG Industries profit jumped 9 percent on cost cuts

Thu Oct 18, 2012 8:26am EDT

Oct 18 (Reuters) - Chemicals producer PPG Industries Inc posted a 9 percent jump in quarterly profit on Thursday as cost cuts helped offset nearly flat revenue growth.

For the third quarter, the company posted net income of $339 million, or $2.18 per share, compared with $311 million, or $1.96 per share, in the year-ago period.

Net sales slipped less than 1 percent to $3.85 billion.

Pittsburgh-based PPG cut its cost of sales 3 percent to $2.3 billion.

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