Finnish retail property firm Citycon reported net profit, including fair value gains, for the full year 2007 rose more than 61% to 203.9 mln from EUR 126.4 mln in 2006. Turnover increased by 27% to EUR 151.4 mln. The company said the direct result came in at EUR 35.7 mln, up from EUR 32.4 mln a year earlier. Net rental income was up 25% for the year at EUR 103.4 mln, due mainly to higher fair value changes, acquisitions and growth of rental income from like-for-like properties.
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