HomeLatestSoftBank Group reviews 6.9 bln USD internet loss in April-December

SoftBank Group reviews 6.9 bln USD internet loss in April-December

TOKYO, Feb. 7 (Xinhua) — SoftBank Group Corp. on Tuesday introduced a internet lack of 912.5 billion yen (6.90 billion U.S. {dollars}) within the April-December interval.

The determine compares to a internet revenue of 392.6 billion yen (2.97 billion {dollars}) booked a 12 months earlier, with the losses within the recording interval attributed partially to the yen’s weak spot and a world stock droop amid international inflation, the group reported.

The know-how and funding large mentioned that it had incurred 1.4 trillion yen (10.59 billion U.S. {dollars}) of funding losses within the reporting interval, though the group has been downsizing its funding fund.

For the present enterprise 12 months via March, the corporate opted to not present its earnings outlook.

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