SoftBank Q1 profit jumps 49 percent on Flipkart stake sale

SoftBank Q1 profit jumps 49 percent on Flipkart stake sale

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/06/softbank-q1-2018-earnings.html

Japan's SoftBank Group Corp on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale of its stake in Indian e-commerce firm Flipkart — the first public divestment by its Vision Fund.

The telecoms and technology firm's profit was also bolstered by the sale of the majority of chip designer ARM Holding's Chinese operations to a local consortium.