SoftBank Group Corp. said Monday its net profit surged more than four-fold to 1.88 trillion yen ($18 billion) in the April-September period from a year earlier due to massive selling of its assets to improve its financial health.
The 346.7 percent jump, a turnaround from a 49.8 percent fall a year earlier, came after posting disastrous losses by an investment fund in the fiscal year that ended in March.
The Japanese investment conglomerate said its sales totaled 2.63 trillion yen, up 3.6 percent.
SoftBank Group did not provide earnings on an operating basis or give a full-year forecast.
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