SoftBank reports $37 billion Vision Fund profit on Coupang

SoftBank reports $  37 billion Vision Fund profit on Coupang© Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

(This May.12 story corrects to show figure is annual profit not quarterly)

TOKYO (Reuters) – SoftBank Group Corp on Wednesday reported a 4.027 trillion yen ($ 36.99 billion) profit at its Vision Fund unit after booking a fourth-quarter gain on investment Coupang, underscoring its recovery a year after a record loss.

($ 1 = 108.8600 yen)

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Author: Reuters
This post originally appeared on Stock Market News

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