Global demand for N95 mask sees 3M profit jump during Covid-19
The US company’s shares jumped 6% for the quarter, but worldwide lockdowns are hammering other parts of its business
28 April 2020 - 18:13
Bengaluru — Industrial conglomerate 3M’s quarterly profit surpassed expectations on Tuesday, boosted by higher demand for its N95 respirator masks during the coronavirus pandemic, sending its shares up as much as 6%.
3M is the world’s biggest maker of the masks and has seen demand swell as the pandemic spread globally, putting the company at the heart of a tug-of-war over supplies...
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