Softbank Group Net Profit Surges Over Four-fold

SoftBank Group net profit surges over four-fold

Japan's SoftBank Group says its first-half net profit jumped four and half times from a year ago. That's as its investments in tech stocks jumped and it sold off assets to shore up its finances.

The company said on Monday that net profit in the April-September period came to about 1.9 trillion yen, or about 18 billion dollars.