In the middle of a grand, high-ceilinged church in Orebro, Sweden, Jacob Kasselia, a Syrian orthodox priest, looked up towards the stained glass windows above him, then back down at his hands.

Operating result slumped to 487 million Swedish crowns ($44.36 million) in the October-December quarter from the year-ago period's 2.40 billion crowns. This, however, beat the 419.1 million crowns ...