Swedish property developer Castellum has announced that income from property management increased by 5% in 2007. The results published on Wednesday showed that net income excluding changes in value and tax, amounted to EUR 883 mln (SEK 924 mln), equivalent to EUR 5.38 (SEK 5.63) per share. The company said the improvement was an effect of improved net operating income in the property management and investments made, and that it was limited by higher interest costs. The Board also proposed a dividend of SEK 3.00 per share amounting to a 5% increase, to be paid on Tuesday, 1 April, 2008.
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