Berkshire Hathaway profits surge despite near-$10bn writedown

Investing
Gains at Warren Buffett’s Berkshire Hathaway were propelled by a broad market rally © AFP via Getty Images

Warren Buffett’s Berkshire Hathaway reported a surge in profits in the second quarter as the value of its stock portfolio rebounded, offsetting a near $10bn writedown on its largest manufacturing business and a slide in operating earnings.

Leave a Reply

Your email address will not be published. Required fields are marked *