SoftBank back to quarterly profit with $7.7 billion gain

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TOKYO : Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles.

The results handsomely beat expectations of a 287 billion yen ($1.

The Vision Fund unit made an investment gain of 608 billion yen.

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Category: EconomyBusiness

Markets: SingaporeIndiaJapanSouth Korea

Topics: Mediacorp Vision Japan Billion) Softbank Quarterly Billion Investment Fund Tokyo Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 14:43:38 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 185 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23546603

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Official Website: channelnewsasia.com

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