×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: AS | Japan | Earns | SoftBank

SoftBank's Profits Soar on Sales Growth, Sprint Improvement

Wednesday, 07 February 2018 02:38 AM

TOKYO (AP) — Japanese internet and energy company SoftBank Group Corp. is reporting a more than an 11-fold surge in profit for the fiscal third quarter thanks to strong sales and to improved results from U.S. carrier Sprint.

SoftBank, which also owns stakes in Chinese e-commerce giant Alibaba and British computer chip and software giant Arm, reported an October-December profit Wednesday of 912.3 billion yen ($8.4 billion), up from 80.3 billion yen a year earlier.

Quarterly sales rose 3.9 percent to 2.4 trillion yen ($22 billion).

The Tokyo-based company, which sells the Pepper robot, did not give annual forecasts, citing uncertainties, as is generally its policy.

SoftBank is buying a major stake in Uber. The first carrier to offer the Apple iPhone in Japan, it's a major telecommunications and technology company in Japan.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Japanese internet and energy company SoftBank Group Corp. is reporting a more than an 11-fold surge in profit for the fiscal third quarter thanks to strong sales and to improved results from U.S. carrier Sprint.SoftBank, which also owns stakes in Chinese e-commerce giant...
AS,Japan,Earns,SoftBank
132
2018-38-07
Wednesday, 07 February 2018 02:38 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved