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Berkshire Hathaway operating profit rises 21%, showing signs of recovery

Net income, including gains from common stock investments, rose 7% to $28.1 billion

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Berkshire Hathaway | Warren Buffett

Reuters 

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% to $6.69 billion from $5.51 billion a year earlier. Net income, including gains from common stock investments, rose 7% 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 ...

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First Published: Sat, August 07 2021. 18:01 IST
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