Swedish Furniture Maker IKEA Posts Record Profits

NPR

Published January 20, 2012 at 4:00 AM EST

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. Transcript provided by NPR, Copyright NPR.

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