business / news / / The Atlanta Journal-Constitution
Berkshire Hathaway's first-quarter profit more than doubled as value of investments grew.
Berkshire Hathaway's first-quarter profit rose to $10.1 billion, more than doubling year-over-year.
KEY POINTS
- Berkshire's cash pile continued to grow, reaching a record $147.4 billion at quarter's end.
- The increase in profit was driven by both improved business performance and rising investment values.
- Berkshire sold some stocks during the quarter, but major paper portfolio gains did not impact cash flow.
COMPANIES
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