SoftBank Corp reports quarterly profit jump in first post-IPO earnings

SoftBank
FILE PHOTO - SoftBank Corp. placard is prepared during a ceremony to mark the company's debut on the Tokyo Stock Exchange in Tokyo, Japan, December 19, 2018. REUTERS/Issei Kato/File Photo

Japan’s SoftBank Corp booked a 24 percent rise in quarterly profit on Tuesday as users switched to data-heavy plans, pinning future growth on the rise of 5G services in the mobile carrier’s first earnings report as a public company.

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