IKEA increased its turnover and profits last year

The Swedish home furnishings chain increased its sales and profits in the 2011/2012  fiscal year – the company told MTI.

In the fiscal year ended on 31 August 2012, IKEA achieved a 9.5 percent higher 3.2 billion euros after-tax profit, compared to the previous year. Sales revenue was 27 billion euros, which was 8 percent higher than a year earlier. The improvement in addition to the increased sales, was due to the cost reduction measures.