SoftBank Group's third-quarter profit leaps 60 pc, beating estimates
6 Feb 2019 12:47 PM IST
SoftBank's operating profit in the Oct-Dec quarter was 438.3 billion yen versus 274 bn yen a year earlier.
Softbank denies such discussions and media reports about the same are baseless and unsubstantiated.
Tokyo: Japan’s SoftBank Group Corp reported a 60 per cent rise in quarterly operating profit on Wednesday, buoyed by rising valuations of its technology investments.
SoftBank’s operating profit in the October-December quarter was 438.3 billion yen ( USD 3.99 billion) versus 274 billion yen a year earlier. The year-earlier figure used previous accounting standards.
The result compares with a 225 billion yen average estimate of three analysts polled by Refinitiv that gives a higher weighting to top-rated analysts.
The technology and telecoms conglomerate did not release a forecast for the current business year, saying there were too many uncertain factors.
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