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.
FCCI top office-bearers set for unopposed election
FAISALABAD: The election process of the Faisalabad Chamber of Commerce & Industry (FCCI) has entered its final stage after the...
