Upbeat Buffett eyes big acquisitions after record Berkshire profit

NEW YORK (Reuters) – Warren Buffett on Saturday signaled he plans to make more large acquisitions for Berkshire Hathaway Inc to expand his conglomerate, which posted a record profit in 2013 with the help of a recovering U.S. economy.

Reuters: Top News

Upbeat Buffett eyes big acquisitions after record Berkshire profit

Berkshire profit rises 51 percent, shares at record high

• Tweet


• 
  
• 
  
• Share this




• Email


• Print





Related News





• Munger: hard to find Berkshire deals, ‘raving mad’ not to try
  

  4:13pm EDT

  
  


• Warren Buffett joins Twitter, gains 1,000 followers a minute
  

  Thu, May 2 2013

  
  


• UPDATE 2-POSCO posts tepid profit recovery; weak auto demand weighs
  

  Thu, Apr 25 2013

  
  







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)





• Tweet this


• Link this


• Share this


• Digg this


• Email


• Reprints




We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/




Comments (0)


Be the first to comment on reuters.com.


Add yours using the box above.

Reuters: Business News

Berkshire profit rises 51 percent, shares at record high