MALMO, SWEDEN – EMS firm PartnerTech reported fourth-quarter net sales slipped 1.2% year-over-year to SEK 651.2 million.

The operating profit rose to SEK 19.4 million, reversing a loss of 86.6 million. The after-tax profit was SEK 6.6 million, up from a loss of 66.3 million.

Cash flow was SEK 22.9 million.

For the year, net sales fell 4% to SEK 2,529 million. Operating profit rose to SEK 28.5 million, from a loss of 17.7 million in 2007. The net profit rose to SEK 5.2 million from a loss of 24.8 million.

PartnerTech is a top 40 electronics manufacturing services provider.