Monday, 8 August 2011

In summary: Berkshire Hathaway's 2Q earnings (AP)

Berkshire Hathaway says it's generated a net profit of $ 3.4 billion during the second quarter. Here's a breakdown of the firm's profits top contributors:

INVESTMENTS and derivatives: Added 713 million dollars of net income, loss of 1.1 billion dollars last year.

RAIL: Towed net profit of 690 million dollars to 603 million dollars last year.

PRODUCTION, service and RETAIL: added 789 million, up from 671 million dollars last year.

UTILITIES: Added 215 million dollars, down from 233 million.

SUBSCRIBE to insurance: Recorded a loss of 7 million dollars this year, down from net income of $462 million last year.


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