Saturday, 01 May 2021 11:21 PM MYT
Indeed, Berkshire said many businesses are now posting “considerably higher” earnings and revenue despite the negative impact of February winter storms, though some businesses are still suffering. First-quarter operating profit increased 20 per cent to US$7.02 billion, or about US$4,600 per Class A share, from US$5.87 billion a year earlier.
Accounting rules require Berkshire to report gains and losses on stocks it owns even if it does no buying and selling.
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