SoftBank Group's $6.5bn profit buoyed by Indian IPOs

Investments in South Korea's Coupang and China's Didi also boost performance

20241112 Softbank Group

Masayoshi Son's SoftBank Group posted a fiscal first-half profit far above what the market had expected.  (Photo by Suzu Takahashi)

AKANE OKUTSU, Nikkei staff writer

TOKYO -- SoftBank Group on Tuesday announced its net profit for the first half of the fiscal year through next March came to 1 trillion yen ($6.5 billion), improving from a net loss of 1.4 trillion yen for the year-earlier period thanks to large investment gains.

The April-September performance was well above the market consensus of 42.3 billion yen in a survey by QUICK.

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