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Investegate |3M Company Announcements | 3M Company: Half-year Report

Investegate |3M Company Announcements | 3M Company: Half-year Report
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Dubai Aerospace reports 12% drop in first quarter revenue

Dubai: Dubai Aerospace Enterprise (DAE) on Wednesday reported a revenue of $307.5 million (Dh1.13 billion) in the first quarter, compared to $352 million (Dh1.29 billion) in the same period a year earlier.
The aircraft lessor’s adjusted profit before tax stood at $25 million (Dh91.83 million) in the first quarter, compared to a profit of $83.8 million (Dh307.80) a year earlier.
“We saw a robust level of business activity in 2021 in both our aircraft leasing and engineering divisions,” said Firoz Tarapore, Chief Executive Officer of DAE.
“Revenue at DAE’s Engineering division hit a record high, and DAE’s Aircraft Leasing division recorded sequential growth in Lease Revenue driven by net additions to our owned portfolio,” said Tarapore. ....

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Investegate |3M Company Announcements | 3M Company: Annual Financial Report

Consolidation:
3M is a diversified global manufacturer, technology innovator and marketer of a wide variety of products. All applicable subsidiaries are consolidated. All intercompany transactions are eliminated. As used herein, the term 3M or Company refers to 3M Company and subsidiaries unless the context indicates otherwise.

Basis of presentation:
Certain amounts in the prior years consolidated financial statements have been reclassified to conform to the current year presentation.

As described in Note 19, effective in the first quarter of 2020, the Company changed its business segment reporting in its continuing effort to improve the alignment of businesses around markets and customers. Additionally, the Company consolidated the way it presents geographic area net sales by providing an aggregate Americas geographic region (combining former United States and Latin Americ ....

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Global Motor Vehicle Leasing Market 2021 Industry Analysis, Size, Share, Growth, Trends & Forecast To 2026

Global Motor Vehicle Leasing Market 2021 Industry Analysis, Size, Share, Growth, Trends & Forecast To 2026
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