Updated Feb 06, 2021 | 08:09 IST
Softbank is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, by analysts
SoftBank third-quarter earnings recovery seen driven by IPO boom | Photo Credit: AP
SoftBank Group Corp is expected to extend earnings recovery when it reports third-quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings.
The Japanese conglomerate is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, according to an average estimate of four analysts polled by Refinitiv SmartEstimate.
That compares with net profit attributable to shareholders of 55 billion yen in the same period a year earlier, when operating profit was almost wiped out as the $100 billion Vision Fund plunged to a loss on investments like office-sharing firm WeWork.