2/7, 7:07 AM (Source: TeleTrader)
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Softbank's net sales rise 6% to $12.9 billion in Q3

SoftBank Group Corp. revealed on Tuesday that its net sales reached ¥1.7 trillion ($12.9 billion) in the third quarter of 2022, marking a 6% increase compared to the same period a year before.

Meanwhile, the company's net loss came in at ¥783.4 billion ($5.9 billion), which translates to ¥527.14 diluted loss per share in the year's third trimester compared to ¥11.43 earnings per share seen in the corresponding quarter the year before.

The Japanese multinational conglomerate registered a ¥512 billion loss on investment in the trimester ending December 31, compared to the documented loss of ¥156 billion for the corresponding quarter the year before.

Baha Breaking News (BBN) / AB