Berkshire Hathaway's operating profit in the first quarter increased by 5%

119926

American investment company Berkshire Hathaway, which is owned by billionaire Warren Buffett, reported that in the first quarter its operating profit amounted to 5.56 billion dollars, an increase of 5% over the year. At the end of the quarter, the company received a net profit of $21.661 billion against a net loss of $1.138 billion a year earlier, helped by significant changes in the value of assets. Revenues amounted to 60.687 billion dollars, an increase over the year by 3.8%. The division uniting the railway, municipal and energy business increased revenues by 2.9%. The insurance division collected premiums totaling $14.319 billion during the earnings period, increasing the figure for the year by 7.1%. The company also reported investment income of $19.522 billion, compared with a loss of $7.809 billion a year earlier. The volume of its assets grew by 4.4% over the quarter, reaching 738.724 billion dollars. The book value of the company since the beginning of the year increased by 6% to 224.95 thousand dollars per class “A” share.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: