Berkshire profit rises 51 percent, shares at record high

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Berkshire Hathaway CEO Warren Buffett attends the Allen & Co Media Conference in Sun Valley, Idaho July 12, 2012.


Credit: Reuters/Jim Urquhart








OMAHA, Nebraska | Fri May 3, 2013 5:17pm EDT





OMAHA, Nebraska (Reuters) – Warren Buffett’s company Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said first-quarter profit rose nearly 51 percent, helped by improved results in insurance and gains from its investments and derivative contracts.




Net income increased to $ 4.89 billion, or $ 2,977 per Class A share, from $ 3.25 billion, or $ 1,966 per share, a year earlier.




Quarterly operating profit rose 42 percent to $ 3.78 billion, or $ 2,302 per share, from $ 2.67 billion, or $ 1,615 per share.




(Reporting by Jonathan Stempel in Omaha, Nebraska; Editing by Bob Burgdorfer)





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Reuters: Business News

Berkshire profit rises 51 percent, shares at record high