Tokyo-based SoftBank reported Wednesday a January-March profit of 580.5 billion yen ($5.1 billion), up dramatically from 45.2 billion yen the same period a year earlier. Japanese internet, robot and solar company SoftBank Group is reporting a 12-fold climb in quarterly profit, as a turnaround at its U.S. mobile unit Sprint helped it on its way to a record annual profit. Quarterly sales rose nearly 2 percent to 2.32 trillion yen ($20 billion). Softbank's sales at its domestic wireless carrier service and its Yahoo Japan business also thrived, it said. Some media reports said the fund was being closed soon, having reached that target, but SoftBank denied the reports as speculation.
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Tokyo-based SoftBank reported Wednesday a January-March profit of 580.5 billion yen ($5.1 billion), up dramatically from 45.2 billion yen the same period a year earlier. Japanese internet, robot and solar company SoftBank Group is reporting a 12-fold climb in quarterly profit, as a turnaround at its U.S. mobile unit Sprint helped it on its way to a record annual profit. Quarterly sales rose nearly 2 percent to 2.32 trillion yen ($20 billion). Softbank's sales at its domestic wireless carrier service and its Yahoo Japan business also thrived, it said. Some media reports said the fund was being closed soon, having reached that target, but SoftBank denied the reports as speculation.
Tokyo: Japanese internet, robot and solar company SoftBank Group is reporting a 12-fold climb in quarterly profit, boosted by a turnaround at its U.S. mobile unit Sprint, which had dragged earning previously. Tokyo-based SoftBank reported Wednesday January-March profit of 580.5 billion yen ($5.1 billion), up dramatically from 45.2 billion yen the same period the previous year. Quarterly sales rose nearly 2 percent to 2.32 trillion yen ($20 billion). For the year through March 2017, SoftBank, which acquired Britain's ARM Holdings, an innovator in the "internet of things," last year, reported 1.4 trillion yen ($12.5 billion) in profit, tripling from 474 billion yen the previous fiscal year. The company, founded in 1981, also has within its sprawling investment empire financial-technology and ride-booking services.
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collected by :Jack Luxor
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SoftBank's profit zooms on Sprint turnaround, Alibaba
Tokyo-based SoftBank reported Wednesday a January-March profit of 580.5 billion yen ($5.1 billion), up dramatically from 45.2 billion yen the same period a year earlier. Japanese internet, robot and solar company SoftBank Group is reporting a 12-fold climb in quarterly profit, as a turnaround at its U.S. mobile unit Sprint helped it on its way to a record annual profit. Quarterly sales rose nearly 2 percent to 2.32 trillion yen ($20 billion). Softbank's sales at its domestic wireless carrier service and its Yahoo Japan business also thrived, it said. Some media reports said the fund was being closed soon, having reached that target, but SoftBank denied the reports as speculation.
Tokyo: Japanese internet, robot and solar company SoftBank Group is reporting a 12-fold climb in quarterly profit, boosted by a turnaround at its U.S. mobile unit Sprint, which had dragged earning previously. Tokyo-based SoftBank reported Wednesday January-March profit of 580.5 billion yen ($5.1 billion), up dramatically from 45.2 billion yen the same period the previous year. Quarterly sales rose nearly 2 percent to 2.32 trillion yen ($20 billion). For the year through March 2017, SoftBank, which acquired Britain's ARM Holdings, an innovator in the "internet of things," last year, reported 1.4 trillion yen ($12.5 billion) in profit, tripling from 474 billion yen the previous fiscal year. The company, founded in 1981, also has within its sprawling investment empire financial-technology and ride-booking services.
read more visit us profit
collected by :Jack Luxor
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