SoftBank swings to $7.7B profit in September quarter

Quick Summary:

SoftBank's second-quarter earnings report comes a day before its portfolio company foodtech platform Swiggy lists on Indian stock exchanges.

In the year-ago period, SoftBank recorded a loss of $5.13 million.

Two high-profile SoftBank-backed companies in India—FirstCry and Ola Electric—made strong public market debuts with a solid demand for their IPOs.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: IndiaJapan

Topics: Companies Period Policy Softbank Company Investment Privacy Quarter Listing Stock Portfolio

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 07:18:24 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 19 words per sentence (average)

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News ID: 23547111

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