The investment company “Berkshire Hathaway” owned by the American billionaire and investor Warren Buffett made a profit of 35.91 billion US dollars (32.8 billion euros) in the second quarter, as opposed to a loss of 43.62 billion dollars in April-June last year.
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Investments and derivatives profit/loss showed a profit of 25.87 billion euros, compared to a loss of 53.04 billion dollars a year ago.
Berkshire Hathaway’s operating profit in April-June reached 10.04 billion euros compared to 9.42 billion dollars in the second quarter of last year.
Buffett’s company’s total revenue rose to $92.5 billion in the period under review from $76.2 billion last year.
Berkshire Hathaway, led by Buffett since 1970, includes both the auto insurer GEICO and the reinsurance company General Re, as well as non-insurance companies in confectionery, retail, railroads, home furnishings, appliances, jewelry, clothing, electricity, and natural gas distribution. in industries.
At the end of last year, the value of Berkshire Hathaway’s assets was estimated at 948.5 billion US dollars.
2023-08-07 11:38:31
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