3M Co profit rises six percent as sales grow

Thu Oct 24, 2013 7:47am EDT

(Reuters) - 3M Co (MMM.N) reported a 6 percent rise in quarterly profit due to higher sales across all its businesses.

Net income attributable to the company, which makes products ranging from Post-it notes to films for flat panel television, rose to $1.23 billion, or $1.78 per share, in the third quarter ended September 30 from $1.16 billion, or $1.65 per share, a year earlier.

Revenue rose 5.6 percent to $7.92 billion.

(Reporting by Sagarika Jaisinghani in Bangalore; Editing by Kirti Pandey)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.