TOKYO -- Japan's SoftBank Group on Thursday reported annual net profit jumped more than a third, helped by gains from its investment fund which has ploughed billions into some of the hottest names in the tech sector. Net profits for the financial year ending March at the telecoms and investment group came in at 1.41 trillion yen ($12.8 billion), up 35.8 percent. The company hailed gains of 1.26 trillion yen from its investment funds, led by SoftBank Vision Fund, estimated to have firepower of around $100 billion with heavy Saudi Arabian backing. Under CEO Masayoshi Son's leadership, the SoftBank Vision Fund has embarked on a series of ...
Keep on reading: Tech fund drives SoftBank Group profit up 36 percent
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