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SoftBank Group quarterly profit wiped out by Vision Fund losses

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in
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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..
Date Published: Feb 12, 2020
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