Warren Buffet’s Berkshire Hathaway registers a 32% growth in profits in 4Q’15

Net income for 4Q’15 rose to $5.5bn as compared to $4.2bn a year ago. For FY’15, profit was $24.1bn vs. $19.9bn a year ago.

Operating earnings excl. investments, was $2,843 per share, beating estimates of $2,814 a share.

Profits of its rail road business of BNSF fell 9.2% to $1.1bn on lower demand for coal.

Berkshire Hathaway Energy, its utility unit, generated a profit of $423m, an 18% rise over the previous period.

The insurance business of BH Reinsurance and General Re registered an underwriting gain of $306m vs. $119m a year ago.

Source: Bloomberg

 

 

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