Arab Today, arab today japan\s softbank q1 net profit more than doubles
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

Japan\'s SoftBank Q1 net profit more than doubles

Arab Today, arab today

Arab Today, arab today Japan\'s SoftBank Q1 net profit more than doubles

Tokyo - AFP

Japanese mobile operator SoftBank on Tuesday said its net profit for the April-June quarter more than doubled from a year earlier thanks to rosy results at a mobile game subsidiary. The company, which recently completed its $21.6 billion purchase of US wireless carrier Sprint Nextel, said it earned 238.3 billion yen ($2.4 billion) in the fiscal first quarter, up from 105.6 billion yen in the same period last year. It added that a change in the way it reports, to international standards, also hiked its results. Revenue jumped 21.4 percent to 881.1 billion yen in the three months, it said. Sprint is not yet included in the firm\'s results. The profit and sales gains were tied to brisk earnings from newly consolidated mobile games developer GungHo Online Entertainment, developer of the hit mobile game \"Puzzle & Dragons\", and upbeat results from its domestic mobile service, it said. Japan\'s number three telecom operator did not give a full-year forecast, but president Masayoshi Son has said group operating profit would top one trillion yen in the current fiscal year ending in March 2014. SoftBank has also benefited from growing demand at home for Apple\'s iPhone and was the only Japanese mobile operator to offer the popular smartphone until rival KDDI, the country\'s second-largest operator, joined the fray. SoftBank\'s whopping takeover of Sprint will give it a foothold in the lucrative US telecom market, but some have cast doubt on the deal, which will see heavily indebted SoftBank take on even more loans. And Sprint\'s own performance suffered again in the latest quarter as it reported a deepening $1.6 billion loss. Earlier this month, Moody\'s downgraded SoftBank\'s debt to junk, citing worries over the firm\'s financial position after the debt-financed deal, the largest overseas acquisition by a Japanese firm.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s softbank q1 net profit more than doubles Arab Today, arab today japan\s softbank q1 net profit more than doubles

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s softbank q1 net profit more than doubles Arab Today, arab today japan\s softbank q1 net profit more than doubles

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday