Japan's Softbank Back in The Black As Investments Improve
AppleMagazine|November 13, 2020
Japan's Softbank Back in The Black As Investments Improve
Japanese technology company SoftBank Group Corp. said it bounced back to profitability in the last quarter as its investments improved in value.

The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019.

SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $13 billion, from 1.29 trillion yen.

SoftBank’s Vision Fund also has become profitable recently.

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November 13, 2020