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Berkshire Hathaway's 4Q 2013 profit up 10 percent

(Source: Associated Press, March 2, 2014)

OMAHA, Neb. -- Warren Buffett’s company said Saturday that fourth-quarter earnings rose 10 percent to nearly $5 billion as its insurance, rail and energy businesses generated major gains in the improving economy. Quarterly net income rose to $4.99 billion on revenue of $47.05 billion from $4.55 billion on revenue of $44.72 billion in 2012. Berkshire earned $19.48 billion for 2013 on total revenue of $182.15 billion. That’s up from $14.82 billion in profit and revenue of $162.46 billion in 2012. Strong gains in the value of its investments and derivative contracts added $4.3 billion to the results, up from $2.2 billion the previous year.

Full story: www.kdwn.com

Monday, March 03, 2014

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