Hamburg-based real estate company TAG Tegernsee has reported consolidated earnings before taxes increased nearly fivefold in 2007, rising to EUR 31.1 mln from EUR 6.4 mln, while revenues increased 36% to EUR 146.1 mln. In preliminary indications on its performance in 2007, TAG pointed to strong growth in all business segments, along with stable rental income, strong expansion of its real estate portfolio and profits from the sale of real estate. TAG said it planned to pay out a dividend of 10 cents per share on 2007 earnings.
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