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SoftBank posts Q3 profit gain of 20 times, beating estimates

SoftBank posts Q3 profit gain of 20 times, beating estimates

· 02/08/2021 01:11
SoftBank posts Q3 profit gain of 20 times, beating estimates

- SoftBank Group Corp 9984.T 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)

((sam.nussey@tr.com; https://twitter.com/SamNusseyRTRS; +81345632760;))