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Financials

SoftBank reports 12% rise in Q1 net profit, doesn't disclose operating profit

TOKYO, Aug 11 (Reuters) - SoftBank Group Corp on Tuesday reported a 12% rise in net income in the first quarter but did not report operating profit, saying it was “not useful” as a measure of the conglomerate’s investment performance.

Net profit was 1.3 trillion yen ($12.3 billion) in the April-June quarter, compared with 1.2 trillion yen in the same period a year earlier.

($1 = 106.1000 yen)

Reporting by Sam Nussey; Editing by Christopher Cushing

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