02-08-2021 11:51 AM | Source: Reuters
SoftBank posts third-quarter profit gain of 20 times, beating estimates
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TOKYO - SoftBank Group Corp on Monday reported that third quarter net profit ballooned more than 20 times, beating estimates, driven by recovery at its Vision Fund unit.
October-December net profit was 1.17 trillion yen ($11.09 billion). That compared with an estimate of 171 billion yen from four analysts polled by Refinitiv SmartEstimate.
($1 = 105.5000 yen)
(Reporting by Sam Nussey; Editing by Jacqueline Wong)
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