SoftBank Reports $12 Billion Quarterly Profit After Record Loss

Mohammad Ali (@ChaudhryMAli88) Published August 11, 2020 | 11:30 AM

SoftBank reports $12 billion quarterly profit after record loss

Tokyo, (UrduPoint / Pakistan Point News - 11th Aug, 2020 ) :SoftBank Group on Tuesday reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as tech stocks rally and the firm sheds assets to shore up its finances.

The Japanese telecoms and investment giant said its net profit rose 11.9 percent from a year earlier to 1.26 trillion Yen ($12 billion) in the three months to June.

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