TOKYO (Reuters) -Japanese investment conglomerate SoftBank Group booked a net profit of 517 billion yen ($3.49 billion) for January-March as its telecommunications holdings performed well.

The result compared with 231 billion yen profit for the same period the previous year and the 26.9 billion yen average loss from five analyst estimates compiled by LSEG.

($1 = 147.9700 yen)