SoftBank Group quarterly profit wiped out by Vision Fund losses
Share:
TOKYO (Reuters) - Japan's SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by a second consecutive quarter of losses at the $100 billion Vision Fund.The Vision Fund posted an operating loss of 225 billion yen (1.58 billion pounds) for October-December compared to 176 billion yen profit in the same period a year earlier.The poor performance of SoftBank's tech investments come as Chief Executive Masayoshi Son is..