SoftBank logs dive in quarterly net profit after Alibaba sale

SoftBank said Monday its quarterly net profit plunged after booking a big gain from the sale of part of its stake in Chinese e-commerce firm Alibaba a year ago.The Japanese mobile giant said net profit for the three months to June came in at 5.5 billion yen ($50 million), compared with 254.2 billion yen when it sold off part of its stake in Alibaba.Operating profit for the April-June period, however, surged 50.1 percent to 479.3 billion yen as it included gains from its SoftBank Vision Fund in t