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Softbank profits surge on investments, telco business shows steady growth
2018-11-05 12:58:00| Telecompaper Headlines
(Telecompaper) Softbank reported another surge in net profit for its fiscal first half to September, with the result jumping 719 percent to JPY 840.1 billion from JPY 102.6 billion a year ago. The growth was driven by gains on its investment portfolio, while revenues rose a more modest 6 percent year-on-year to JPY 4.65 trillion. Operating profit was up 62 percent to JPY 1.42 trillion, supported by improvement at Sprint.
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Category:Telecommunications