Berkshire Hathaway first-quarter profit rises 51 percent

Published May 03, 2013

| Reuters

OMAHA, Nebraska (Reuters) - Warren Buffett's company Berkshire Hathaway Inc 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)

Warren Buffett's company Berkshire Hathaway Inc 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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