May 10, 2019 / 6:14 AM / 6 months ago

Rakuten operating profit quadruples on Lyft stake gain

TOKYO, May 10 (Reuters) - Japan’s Rakuten Inc said on Friday first-quarter operating profit quadrupled as it booked gains on its stake in Lyft.

Operating profit rose to 113.7 billion yen ($1.04 billion) in the three months ended March from 28.1 billion yen a year earlier. ($1 = 109.7100 yen) (Reporting by Sam Nussey; Editing by Himani Sarkar)

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