Berkshire Hathaway, which is backed by Warren Buffet, posted an upbeat annual result on Saturday. The results come just a day after it was revealed that Buffet’s Berkshire has investments in crypto-related stocks. Despite the positive news though, Buffet also revealed that he sees low buying opportunities for the firm.
Berkshire Hathaway Posts Soaring Profit
According to a report by Reuters, Berkshire Hathaway Inc. reported its second consecutive year of record annual profit. This was made possible by gains from investments in common stock as well as increased revenue from its insurance operations. The firm’s gains were also helped by rising interest rates. The company’s operating profit for the fourth quarter increased 28% to $8.48 billion. The report further highlighted that Berkshire reported a net profit of $96.2 billion for the entire year 2023, surpassing the previous record of $89.9 billion established in 2021. When the stock market crashed in 2022, Berkshire lost $22.8
We współpracy z: https://coingape.com/warren-buffets-berkshire-sees-annual-profit-soar-while-flagging-low-buying-opportunity/
