Metro International, the Swedish publisher of free papers, posted a 2007 loss of $27.6 million, down from a net profit of $12.9 million in 2006.
Metro posted a loss despite its 8.7% sales increase, up to $452.9 million.
In the last quarter, which is usually strong, Metro's net profit dropped, despite a 12.1% increase in sales.
Metro International counts more than 70 newspapers across 23 countries in 19 languages. The paper claims to have over 23 million daily readers worldwide.
Source: European Journalism Centre