Berkshire Hathaway posts a loss of $43.8 bn in Q2 due to the markets | Photo credits: Rémi le Bailly
Aug 6 (Reuters) – Berkshire Hathaway, the company run by billionaire Warren Buffett, reported a second-quarter loss of $43.8 billion as U.S. equity markets tumbled, after a profit net of $28.1 billion a year ago.
The group has nevertheless seen its operating profit improve thanks to insurance and activities in the railways.
Its operating profit increased over the period by 39% to 9.28 billion dollars.
During this quarter, Berkshire Hathaway carried out a buyback of shares for one billion dollars.
Investors follow Berkshire Hathaway closely because, with its ten businesses, its results generally reflect general economic trends. (Report Jonathan Stemp, French version Matthieu Protard)