SoftBank Corp first-quarter profit climbs 4% as mobile user numbers grow

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato - Copyright Issei Kato(Reuters)

By Reuters

Published on 05/08/2019 - 17:05•Updated 24/04/2024 - 06:22

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TOKYO (Reuters) - Japanese telco SoftBank Corp <9434.T> said on Monday its operating profit in the quarter ended June rose 4%, in line with estimates, as the number of mobile users grew.

Operating profit was 268.9 billion yen (£2.09 billion) in the first quarter. That compared with an average estimate of 268 billion yen from four analysts polled by Refinitiv.