Berkshire Hathaway Profits Rise 70 Percent
Warren Buffett will surely please his flock of loyal followers this weekend as he speaks to them at Berkshire Hathaway's annual meeting. The first quarter profits of the company have rose by 70 percent.
No major catastrophes have helped his insurance arm (that accounts for about 50% of the company) to keep more money.
Berkshire's Profit Rises 70% on Investment Gains
Net income climbed to $2.31 billion, or $1,501 share, from $1.36 billion, or $886, a year earlier, the Omaha, Nebraska-based company said in a statement today on its Web site. Foreign currency investments added $151 million in gains. Bloomberg
# Warren Buffett News, Stock Market News, Major Companies
No major catastrophes have helped his insurance arm (that accounts for about 50% of the company) to keep more money.
Berkshire's Profit Rises 70% on Investment Gains
Net income climbed to $2.31 billion, or $1,501 share, from $1.36 billion, or $886, a year earlier, the Omaha, Nebraska-based company said in a statement today on its Web site. Foreign currency investments added $151 million in gains. Bloomberg
# Warren Buffett News, Stock Market News, Major Companies
posted by Woopidoo at
5:02 AM
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