The Swedish-Swiss technology company ABB reported on Thursday that its fourth quarter net profit declined. The latest quarterly results reflected higher restructuring and transformation related costs and and the provision release related to the non-core operations that helped year-ago results. However, the company registered a rise in revenue. For the fourth-quarter, the company registered a net profit of $921 million or $0.50 per basic share, lesser than $1.132 billion or $0.61 per basic share, posted for the same period last year. Income from continuing operations dropped to $946 million fro…