Ikea's Irish operation posts €11.4m profit

Ikea's branch in Dublin is amongst the profitable in Europe for the Swedish furniture giant, new figures have revealed.

Despite tough conditions in the market, the company made a pre-tax profit of €11.4m here in the 12 months to the end of last August.

In the first full year of trading at the Ballymun outlet, average weekly sales came in at over €2m.