SoftBank swings to Q4 profit of $2.1 billion
Japanese technology giant SoftBank Group swung to a quarterly profit on Monday, reporting a net profit of 328.9 billion yen ($2.11 billion) for the January-March period.
Japanese giant swung to a profit on Monday, reporting a net of 328.9 billion ($2.11 billion) for the January-March period.The investment unit booked an loss of 57.5 yen, after three consecutive quarters of profit.
The net profit at level compared with a 32 billion yen loss in the same period a year earlier, when capital raised using SoftBank's stake in cushioned some of the writedowns in the value of private portfolio companies.
Source: Stocks-Markets-Economic Times
