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Tuesday, November 26, 2024

Home Business SoftBank beats Japanese record for annual net profit

SoftBank beats Japanese record for annual net profit

by News desk
May 13, 2021
in Business

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Tokyo

Investment giant Softbank Group on Wednesday reported the best ever annual net profit for a Japanese company, reaping the rewards of tech share rallies to recover from last year’s record loss.

The telecoms firm turned investment behemoth has poured money into some of Silicon Valley’s biggest names and hottest new ventures from AI to biotech through its $100-billion Vision Fund.—AFP