Softbank's profit surges www3.nhk.or.jp
Telecom giant Softbank Group has logged a record net profit in fiscal 2016, which ended in March. Its officials say strong performance of the group's domestic operation drove the result.
Sales were about 78 billion dollars. That's up slightly from the level for the previous year.
Net profit tripled to 12.5 billion dollars. It's the first time the figure topped 1 trillion in yen terms.
Executives say earnings were also boosted by the sale of part of the firm's stake in the Chinese online retail giant Alibaba Group.
Published Date:2017-05-11