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SoftBank Corp. rebounds from IPO but Huawei ban casts clouds

Carrier unit posts 19% profit growth in first earnings since listing

The stock price of SoftBank's mobile unit remains below the 1,500 yen price offered when the company went public in December. (Photo by Ken Kobayashi)

TOKYO -- SoftBank Corp. posted double-digit profit growth in its first earnings announcement since its disappointing stock market debut in December, buoyed by an increase in subscribers to its mobile communications service.

But the global backlash against Chinese telecommunications equipment maker Huawei Technologies is casting a shadow over SoftBank's outlook.

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