COMPANIES

No Data Found

NEWS

No Data Found
Advertisement
Berkshire posts record operating profit in Q2, $35.9 billion of net income

Berkshire posts record operating profit in Q2, $35.9 billion of net income

Operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier.

Reuters
Reuters
  • Updated Aug 5, 2023 5:56 PM IST
Berkshire posts record operating profit in Q2, $35.9 billion of net incomeNet income totaled $35.91 billion, or $24,775 per Class A share

Berkshire Hathaway on Saturday posted its highest-ever quarterly operating profit, bolstered by improved results in its insurance businesses, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit.

Operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier.

Advertisement

Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss. Berkshire also said it repurchased $1.4 billion of stock in the quarter.

Berkshire also said it repurchased $1.4 billion of stock in the quarter.

Also Read: Taj Mahal to Gateway of India: Celebrations of Chandrayaan 3's landing as imagined by AI

Published on: Aug 5, 2023 5:54 PM IST
Post a comment