Friday, May 4, 2012

Buffett group reports 67% rise in profits


http://www.ft.com/intl/cms/s/0/36a3c80e-963a-11e1-9d9d-00144feab49a.html?ftcamp=published_links%2Frss%2Fcompanies_financials%2Ffeed%2F%2Fproduct#axzz1txT6bvXz

Berkshire Hathaway has released strong earnings for the first quarter, ahead of its annual meeting for shareholders known as “Woodstock for Capitalists”.

Operating profits were up 67 per cent on the year before to $2.67bn, buoyed by a better performance in insurance underwriting and further underlying improvement in the conglomerate’s collection of non-insurance businesses.

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