IKEA reported a 10.3 percent jump in net profit to euro2.97 billion ($3.81 billion) for the year ended Aug. 31, even though it cut prices by 2.6 percent. Revenue rose 6.9 percent to euro25.17 billion in the same period and Ohlsson says the sales pace has been accelerating since then — even as stock markets around the world have taken a dive amid the worsening financial crisis in Europe. Click here to read more about how they were able to grow their profits even without having a store in Las Vegas.
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