Billing Services Group Limited announced audited earnings results for the year ended December 31, 2015. Revenues were $36.4 million compared to $42.4 million a year ago. The $6.0 million decrease reflects lower transaction volumes across all clearing, settlement and customer service activities provided for landline service providers, partially offset by higher managed service fees from BSG Wireless' offerings. EBITDA was $6.4 million compared to $8.8 million a year ago.

Net income was $8.7 million or $0.03 per basic and diluted share compared to $2.1 million or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $1.2 million during 2015. Capital expenditures were $1.5 million.