Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Q3 Earnings Review: How to grab the opportunities?
Views 1.9M Contents 259

Softbank Q2 makes profits by selling Alibaba shares

The core vision fund of $SOFTBANK GROUP CO(SFTBY.US)$ reported a quarterly loss of $7.2 billion, as the sharp decline in the valuation of start-ups continued to hit the company's financial performance.

The data released by Softbank showed that after the quarterly loss of 2.33 trillion yen in June, the vision fund department lost 1.02 trillion yen from July to September.

Overall, the Japanese enterprise group made a net profit of 3.03 trillion yen in the last quarter, thanks to the sale of most of Alibaba's shares. The company said that its total profit from selling Alibaba shares was 5.37 trillion yen.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
+0
Translate
Report
26K Views
Comment
Sign in to post a comment
    495Followers
    6Following
    3249Visitors
    Follow