Softbank reports enhanced profits

Japanese telecom company Softbank has come out with their latest revenue report and the company has posted improved profits.

The company’s profit has now nearly quadrupled as they gain from the mobile business operations.

Softbank posted a group net profit of 108.62 billion yen for the fiscal year ending March.

The operating profits are up at 324.29 billion yen.

The revenues are up 9.1 percent to 2.776 trillion yen.

The company said that they added as many as 2.7 million subscribers in the past year.

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