SoftBank back to quarterly profit with $7.7 billion gain
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SoftBank Group reported a net profit of $7.7 billion for the quarter ending in September, driven by higher share prices of companies in its Vision Fund investment vehicles.
November 12, 2024 | 7:00 am
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SoftBank Group reported a significant quarterly profit of $7.7 billion, attributed to the rising share prices of companies in its Vision Fund.
The substantial profit reported by SoftBank is directly linked to the performance of its Vision Fund investments, which have seen increased share prices. This positive financial result is likely to boost investor confidence and potentially lead to a short-term increase in SoftBank's stock price.
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