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SoftBank Group triples net profit in first quarter

Japan's SoftBank Group said Wednesday its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba. The company announced net profit of 1.12 trillion yen (10.5 billion USD) for the three months to June, up 257.6 percent compared to the same period a year before. "It...

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