Ikea Ireland announce profit of €13.2 million

Retailer Ikea doubled their Irish operating profit last year, registering a pre-tax profit of €13.2 million. Sales in the North Dublin superstore jumped by 17% to €132 million in the 12 months, till end of August 2015.

This meant a considerable leap in pre-tax profit, up from €7.2million in 2014. The flat pack retailer have experienced accelerated growth over the past 24 months. Last year Ikea announced that employees in their only Irish Store would all receive a ‘Living wage’ with this being implemented in April of the current financial year.

Source: http://www.irishtimes.com/business/retail-and-services/ikea-ireland-profits-nearly-double-to-13-2m-1.2568148