Softbank expected to book $1.5b quarterly profit

Softbank expected to book $1.5b quarterly profit

FILE PHOTO: SoftBank's logo is pictured at a news conference in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo

Japan’s SoftBank Group is set to make a quarterly net profit of 234 billion yen ($1.54 billion) on Wednesday as shares in its telecommunications holdings edge up and the post-listing performance of Swiggy is seen boosting the value of its portfolio of unlisted technology startups.

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