SoftBank Group forecasts full-year net loss of $7 billion
AFP
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File photo: CGTN
Struggling Japanese conglomerate SoftBank Group on Monday forecast a $7-billion net loss for the year ended March due to the negative impact of the spread of coronavirus and losses related to WeWork.
The telecoms and investment giant also said in a press release it expected to suffer an operating loss of 1.35 trillion yen or $12.5 billion.