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Japan's SoftBank says first-quarter profit jumps 50.1 percent after inclusion of Vision Fund

Reuters  |  TOKYO 

TOKYO (Reuters) - Japan's SoftBank Group Corp on Monday reported a 50.1 percent rise in first-quarter operating profit, after the company included Vision Fund, the world's largest private equity fund, as a new reportable segment and booked a valuation gain. The internet and telecoms giant said profit for the quarter through June increased to 479.2 billion yen ($4.33 billion).SoftBank has not released a forecast for the current business year ending March, saying there are too many uncertain factors.Thomson Reuters Starmine SmartEstimate puts full-year profit at 1.16 trillion yen, based on the ...

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First Published: Mon, August 07 2017. 11:58 IST