TOKYO -- Like the genie in Disney's "Aladdin" movies, Alibaba Group Holding grants SoftBank Group's wishes.
SoftBank expects to chalk up consolidated pretax profit of 1.2 trillion yen ($11.1 billion) for the April-June period on proceeds from sales of Alibaba shares and on financial derivative gains. The figure represents about 70% of the pretax profit for the fiscal year through March, which came to about 1.7 trillion yen.
