Berkshire Hathaway operating profit jumps 21%
Net income, including gains from common stock investments, rose 7 per cent to $28.1 billion, or $18,488 per Class A share, from $26.3 billion, or $16,314 per share, a year earlier
- Aug 8, 2021,
- Updated Aug 8, 2021 10:44 AM IST
Berkshire Hathaway Inc on Saturday reported improved quarterly operating results, as the conglomerate controlled by billionaire Warren Buffett showed signs of recovery from the depths of the coronavirus pandemic.
Second-quarter operating profit rose 21 per cent to $6.69 billion from $5.51 billion a year earlier.
Net income, including gains from common stock investments, rose 7 per cent to $28.1 billion, or $18,488 per Class A share, from $26.3 billion, or $16,314 per share, a year earlier.
Berkshire also said it repurchased about $6 billion of stock in the quarter, on top of approximately $31.3 billion of previously disclosed buybacks since the end of 2019.
Also Read: Warren Buffett's Berkshire Hathaway says recovering from coronavirus woes
Also Read: Warren Buffett resigns as trustee of Bill And Melinda Gates Foundation
Berkshire Hathaway Inc on Saturday reported improved quarterly operating results, as the conglomerate controlled by billionaire Warren Buffett showed signs of recovery from the depths of the coronavirus pandemic.
Second-quarter operating profit rose 21 per cent to $6.69 billion from $5.51 billion a year earlier.
Net income, including gains from common stock investments, rose 7 per cent to $28.1 billion, or $18,488 per Class A share, from $26.3 billion, or $16,314 per share, a year earlier.
Berkshire also said it repurchased about $6 billion of stock in the quarter, on top of approximately $31.3 billion of previously disclosed buybacks since the end of 2019.
Also Read: Warren Buffett's Berkshire Hathaway says recovering from coronavirus woes
Also Read: Warren Buffett resigns as trustee of Bill And Melinda Gates Foundation