empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

07.02.201917:27 Forex Analysis & Reviews: Shares of SoftBank Group rose sharply, by 17%

Long-term review

Exchange Rates 07.02.2019 analysis

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.

Roman Agafonov,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.