TOKYO: SoftBank Corp yesterday said its net profit jumped 19 percent in its fiscal first quarter owing to gains from selling some of its stake in Chinese e-commerce giant Alibaba Group Holding Ltd, offsetting losses at US mobile unit Sprint Corp. The company, which also pointed to upbeat results in its domestic business, reported a ￥254.16 billion (US$2.4 billion) net profit in April-June period. Softbank is looking to cut its stake in Alibaba from 32.2 percent to about 28 percent, which it expects to rake in about US$10 billion.
Peshawar Enforcement raises Rs2.9b from confiscated gold, silver & foreign currency in FY2025-26
PESHAWAR: Collectorate of Customs Enforcement realised Rs2.902 billion during the financial year 2025-26 through the disposal of confiscated gold, silver...
