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Softbank Q1 profits get 49% boost

Aug 06, 2018 20:25 IST

Japan’s SoftBank reported an operating profit rise of more than 49%, boosted by gains from its $100 billion Vision Fund and after it sold its stake in India’s largest e-commerce company - Flipkart. Softbank reported a Q1 profit of $6.40 billion, compared to $4.30 billion last year.