SoftBank Group posted its first profit in five quarters on Thursday thanks to the increased value of publicly listed investments, marking a turnaround for the Japanese company after a period of slashing investment activity and selling off assets.
October-December net profit reached 985.5 billion yen ($6.6 billion), versus a 744.7 billion yen loss in the same period a year earlier that was brought about by a drop in the valuation of unlisted Vision Fund unit investments.
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