Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking
August 4, 2018
(Reuters) – Berkshire Hathaway Inc on Saturday reported a 67 percent increase in quarterly operating profit, as its insurance underwriting operations rebounded from a poor quarter and several business units benefited from economic growth and improving demand.
Operating profit in the second quarter rose to $6.89 billion from $4.12 billion a year earlier.
Net income for Omaha, Nebraska-based Berkshire, including realized and unrealized gains and losses from investments, nearly tripled to $12.01 billion, or $7,301 per Class A share, from $4.26 billion, or $2,592 per Class A share, a year earlier.
(Reporting by Jonathan Stempel in New York; Editing by James Dalgleish)
