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SoftBank back to black with $12 bn profit after record losses
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SoftBank back to black with $12 bn profit after record losses
The Japanese telecoms and investment giant said its net profit rose 11.9 percent from a year earlier to 1.26 trillion yen ($12 billion) in the three months to June. The results will be a relief for chief Masayoshi Son, who has faced an increasing drumbeat of criticism for his investment strategy after recent record losses for the firm.
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