Japanese tech investor SoftBank posts $7.7bn quarterly net profit

12 Nov, 2024

TOKYO: Tech investor SoftBank Group on Tuesday posted a net profit of 1.18 trillion yen ($7.7 billion) for the second quarter, returning to the black after net losses in the first quarter and in the last financial year.

SoftBank gets $7.6bn T-Mobile stake windfall, shares soar

The Japanese company’s performance often undergoes dramatic swings because SoftBank invests heavily in tech startups and semiconductor firms, whose share prices are volatile.

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