Internet
ò Softbank Corp. announced that it swung back to profit in the January-March quarter, results that it ascribed to strong sales in the company's broadband business. The firm said its net income hit Ñ39.7 billion $358 million in the fiscal fourth quarter, compared with a loss of Ñ27.2 billion $238.6 million a year earlier. Its quarterly sales posted an 8.4-percent growth to Ñ298.4 billion $2.6 billion from Ñ275.2 billion $2.4 billion a year ago. Its profits from its broadband service using ADSL continued to rise following a subscription gain of more than 5 million subscribers. Its fixed-line telephone business saw an improvement, as it generated an operating profit of Ñ2.9 billion $26.4...
¬ Haymarket Media Limited. All rights reserved.
