IKEA has said that it has recorded a strong boost in its profits as the shoppers spent an estimated €2m per week on home furnishings in its store.

The retail giant said that the store in Dublin doubled its pre-tax profits to €5.8 million. Data from Ikea Ireland showed that the company recorded an increase of 96 per cent in pre-tax profits to the level of €5.8m in the 12 months till August in the previous year. Customers increasing purchased best-sellingprodycts including Billy bookcases, Expedit storage units and Lack tables from the store.

The company said that its revenues increased from €102.6m to €103.98 million during the period. The year has been a turnaround for the company after the business recorded decline in pre-tax profits from €11.4 million in 2010 to €2.97 million in 2012. The giant store in Dublin contains 9,000 home furnishings, a 550-seater restaurant, a food hall and creche, along with 1,850 car parking spaces.

According to the directors' report, They "are satisfied with the results of the company for the year. The directors anticipate that the level of activity and profitability in future years will continue to be in line with expectations."