Warren Buffett's Berkshire Hathaway quarterly profit jumps almost one third

February 27, 2016 5:59 PM

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Warren Buffett's Berkshire Hathaway quarterly profit jumps almost one third

Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from investments and derivatives.

Net income rose to $5.48 billion, or $3,333 per Class A share, from $4.16 billion, or $2,529 per share, a year earlier.

Also read: Goldman Sachs earnings: $5.08 a share vs. $4.82 estimate

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