SoftBank Group posts $2.87 billion net profit in Q1

The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) -Japanese technology investor SoftBank Group logged a net profit of 421.8 billion yen ($2.87 billion) over the April-June quarter.

The result compares with a net loss of 174.3 billion yen for the same period a year earlier and the 127.6 billion yen average profit from three analyst estimates compiled by LSEG.

($1 = 147.1100 yen)

(Reporting by Anton Bridge; Editing by Himani Sarkar)