Softbank Group divides growth by 13% to record high after quarterly profits

Shares Group Softbank On Friday, it increased by 13%to reach a fresh record after the expected company in the first quarter.

This notes the fourth session of the Japanese investment firm’s profit and comes after closing at a record high session before releasing profits.

SoftBank’s profits for the quarter in April -June amounted to $ 421.8 billion ($ 2.87 billion), which significantly exceeded the LSEG consensus estimate of 127.6 bon.

This means the second quarter in a row the profit of the investment house and is a sharp appeal from 174.28 billion losses posted during the year ago.

The Japanese giant announced on Thursday that The cost of its visions has grown by 4.8 billion dollarsIts greatest profit after June 2021.

Profit from the vision segment of funds, which also records factors such as expenses, reached 451.4 billion in the financial quarter, which ended in June, which came from losses during the same period last year.

The Japanese giant attributed this with income from private investment, as well as on the list of companies such as Singapore’s outdated firm who is engaged Grab the holdingand Indian Food Shipping Firm Noisy.

Companies that have been investing by seeing Fund SoftBank include Designer Chip HandsGame Software Player Animoca Brands and Internet Technological Giant bytes.

Several portfolio companies investment firm Expected this year will become public. Among them is Indian retailer for glasses lenskart The application for the initial public proposal on July 29, which includes the issue of fresh shares worth 21.5 billion rupees ($ 247.58 million).

Other companies in the list soon include Japanese Mobile Pay PayPay operator, Swedish Financial Services Player Klarna and Travel App Klook.

– Arjun Harpal made this report in this report.