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Softbank quarterly profit jumps on investment gains
2018-08-06 12:04:00| Telecompaper Headlines
(Telecompaper) Softbank saw its net profit jump to JPY 313.7 billion in the fiscal first quarter to June from JPY 5.5 billion a year earlier, thanks largely to gains on its investments in companies such as Flipkart and WeWork and the spin-off of ARM's Chinese business. Net sales rose 4 percent to JPY 2.273 trillion, and adjusted EBITDA was up 3 percent to JPY 721.8 billion.
Tags: investment
profit
quarterly
gains
Category:Telecommunications
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