07.02.2019 05:27 PM
The value of shares of the Japanese telecommunications media corporation SoftBank Group rose by more than 17% after reporting repurchase of shares and publication of a report on a record increase in quarterly earnings.
As a result, the company's market capitalization increased by $ 14 billion, reaching $ 100.10 billion. SoftBank shares rose 17.7% to 9.962 yen, the maximum in 5 months, showing a record intraday increase in the last 10 years.
SoftBank management announced that it will hold a repurchase of shares in the amount of $ 5.46 billion at the expense of funds received from the December IPO of the telecommunications division of the corporation.
SoftBank Group operating profit in the last quarter of 2018 was $ 3.99 billion, an increase of 38% over the same period a year earlier.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
