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Stripping out financial charges and currency effects, profits were £5.7m.
Stripping out currency effects, the increase was 17%.
Beyond that, there are potentially important currency effects.
Currency effects increased overall sales by 6.1percentt last quarter, 3M said.
Excluding Zantac and currency effects, Glaxo said sales growth was 11percentt.
Excluding acquisitions, currency effects and price changes, the company said, sales were 3.3percentt higher than a year ago.
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The company added that the currency effect will not be beneficial only to UK exporters.
So for stock investors, the currency effect is a crucial driver of diversification.
Many companies had earnings growth of as much as 45percentt because of the currency effect, according to Phillips & Drew.
At a £9bn-turnover business, fractions of a percentage point matter, and the currency effect isn't helping the continental operations.
It said sales had increased by 12% during the last quarter, including a contribution from recent acquisitions which was offset by a negative currency effect.
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