Japanese mobile operator SoftBank Corp. It reported an increase in net profit of almost 40 times in the third quarter
fiscal year, but the figure was below market forecasts. Net profit in October-December reached 91.2 billion yen ($ 812 million) against 2.29 billion yen in the same period the previous year. Experts on average expected the figure at 96.3 billion yen. Meanwhile, in the past finkvartale SoftBank increased operating profit by 71%, to 295 billion yen. Revenue fell slightly, to 2.3 trillion yen from 2.38 trillion yen; index coincided with market expectations. It is noted that the Sprint US mobile operator, SoftBank acquired in 2013, was able to stop the decline in the number of customers and reduced costs. This chapter SoftBank Masayoshi Son had the opportunity to more than time on main strategic projects of the company - an investment fund worth $ 100 billion. The Foundation called SoftBank Vision Fund, is expected to begin work this year and will invest in the development of new technologies, including in the areas of artificial intelligence and the Internet of things. The Japanese company is going to make it at least $ 25 billion over five years, and its main partner - State Investment Fund of Saudi Arabia - is ready to invest about $ 45 billion Among the other investors -. Apple Inc., Qualcomm Inc., Foxconn Technology Co. and Oracle Corp. SoftBank shares are trading on Wednesday rose 0.2%, the company's capitalization is estimated at 9.5 trillion yen.
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Submitted February 08, 2017 at 04:07PM by SergeyFF http://ift.tt/2k4sAOI
