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Friday, August 03, 2007

Berkshire Hathaway Inc. (BRK-A) Profit Rises 33 Percent

Billionaire Warren Buffett's holding company Berkshire Hathaway Inc. reported Friday that its net income jumped nearly 33 percent during the second quarter because of strong performance from its insurance division.
Berkshire said it earned $3.1 billion, or $2,018 per Class A share during the quarter which ended June 30. That's up from $2.3 billion, or $1,522 per share, last year.

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