SoftBank reports $11.8B profit in June quarter after $13B loss in FY20

SoftBank has reported a profit of $11.8 billion in the June quarter. This comes after the group suffered a loss of nearly $13 billion in the financial year 2019-20, the worst-ever loss reported in its 39-year history. The SoftBank Vision Fund, which reported about $18 billion loss last year, recorded an investment gain of $2.8 billion for the June quarter.