SoftBank's profit of $ 6.1 billion in the third quarter

Japanese SoftBank Group achieved net profits of 627.5 billion yen (6.1 billion dollars) in the third quarter of 2020, compared to losses of 700.2 billion yen during the same period of Last year.

According to Arabiya Net, the rise in profits is partly due to the investment gains made by its Ruya Fund, which focuses on technology startups, as the first wave recedes Coronavirus during the third quarter, according to German.

The SoftBank Group, specialized in technology and investment, also achieved sales of 1.18 trillion yen during the third quarter, up 11.4%, compared to the same period last year.

The group had incurred losses of 962 billion yen during the previous year, which ended on March 31, after the Vision Fund incurred investment losses of 1.8 trillion yen. Because of the economic repercussions of the outbreak of the Corona virus.

In addition, the Japanese Ministry of Labor announced that more than 70 thousand people in the country have lost their jobs, or are about to lose them, due to the Corona pandemic.

The Japanese broadcaster NHK stated yesterday that the ministry is investigating the cases of workers who have been laid off from work, or whose contracts have not been renewed due to suffering Their employers as a result of declining business performance.

and officials found that there were 70,242 people who faced or were about to face unemployment during the period between late January and the sixth of November.

officials believe the true numbers are likely to be higher, as they have included only cases known to regional job offices and public employment agencies.

The Minister of Japanese Cabinet Affairs, Katsunobu Kato, said last Friday that the country's economy is still in a critical situation due to the Corona pandemic, but there are signs of improvement Profiles.

For its part, the Japanese internet services company, Internet Initiative Japan, announced yesterday that its net profit during the first half of the current fiscal year increased 57.7 percent annually to 2.77 billion yen ( $ 26.7 million) compared to 1.76 billion yen during the same period last fiscal year.

and the profits of operating the company during the first half of the fiscal year increased 56.3% annually to 5.24 billion yen.