Sinch AB reported a profit in the fourth quarter, with net income of SEK 250 million compared to a loss of SEK 324 million in the previous year. Basic earnings per share were SEK 0.31. EBITDA increased to SEK 845 million, while adjusted EBITDA declined 6 percent to SEK 933 million. Net sales also saw a 3 percent decline to SEK 6.76 billion. Sinch’s stock closed 1.59% lower at SEK 23.50 on the Stockholm Stock Exchange.

Read more at Nasdaq: Sinch Swings To Earnings In Q4