SoftBank expected to book $1.87 billion profit on IPOs

Quick Summary:

TOKYO : Japanese technology investor SoftBank Group is expected to report a 287 billion yen ($1.87 billion) quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currency-denominated gains.

A drop of around 10 per cent in the value of the dollar versus the yen over the period is expected to weigh on SoftBank's bottom line.

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017.

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Category: EconomyBusiness

Markets: SingaporeIndiaJapanSaudi Arabia

Topics: Analysts Book 2017 Expected Investment Softbank Quarter Tokyo Analyst Group Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 13:13:37 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Channel News Asia

News ID: 23509405

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