IKEA doubles its investments

The net profit of the world's largest furniture chain rose by 10.4 percent last year in the fiscal year closing with August. The company in the current fiscal year doubles its investments – announced IKEA on Friday.

According to the communication of IKEA; in the 2010/2011 year, the company's net profits increased to 2.97 billion euros, from the 2.69 billion euros of a year earlier. The operating profit increased to 3.76 billion, from 3.27 billion euros. In the fiscal year, ending on the 31st of August IKEA reached revenues of 25.2 billion euros, compared to the 23.5 billion HUF of a year earlier – reports tozsdeforum.hu.