SoftBank swings back to quarterly profit with US$7.7bil 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 show SoftBank's more cautious approach to investment is bearing some fruit.

The two Vision funds also fully or partially exited investments to the tune of $1.85 billion.

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Category: EconomyBusiness

Markets: MalaysiaJapanSouth Korea

Topics: Corporate News /Business/Business News Vision Fund SoftBank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 15:54:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 382 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 23547934

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