SoftBank's Q1 profit soars 49% on the back of Flipkart divestment

SoftBank's Q1 profit soars 49% on the back of Flipkart divestment

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

Japan’s SoftBank Group Corp on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale of its stake in Indian e-commerce firm Flipkart – the first public divestment by its Vision Fund.

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