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Swedish Furniture Maker IKEA Posts Record Profits

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Swedish Furniture Maker IKEA Posts Record Profits

Business

Swedish Furniture Maker IKEA Posts Record Profits

Swedish Furniture Maker IKEA Posts Record Profits

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  • <iframe src="https://www.npr.org/player/embed/145500172/145500161" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The largest furniture maker in the world is ending the week with a bang. Sweden's IKEA posted a record profit for its 2010, 2011 fiscal year. Net profit was up more than 10 percent to $3.8 billion. The company saw its biggest gains in China, Russia and Poland.

DAVID GREENE, HOST:

NPR's business news starts with IKEA's success building.

The largest furniture maker in the world is ending the week with a bang. Sweden's IKEA posted, today, a record profit for its 2010, 2011 fiscal year. Net profit was up more than 10 percent to $3.8 billion. The company saw its biggest gains in China, in Russia and in Poland.

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