Berkshire profit up 33% for quarter
From Times Wire Services
Billionaire Warren E. Buffett’s holding company, Berkshire Hathaway Inc., reported that its net income jumped nearly 33% during the second quarter because of strong performance from its insurance division.
The company said it earned $3.1 billion, or $2,018 per Class A share, in the quarter that ended June 30. That is up from $2.3 billion, or $1,522, a year earlier.
Berkshire said its companies and investments generated $27.3 billion in revenue for the quarter, up from $24.1 billion a year earlier.
