Profit of Berkshire Hathaway reduced on 8 %
Berkshire Hathaway Inc has declared that in II quarter its profit has reduced on 8 % because of deterioration of results of business of insurance.
The net profit of the insurance and investment company has reduced up to 2,88 billion dollars in comparison with 3,12 billion dollars in II quarter 2007.
The operational profit has decreased on 10 % – up to 2,27 billion dollars from 2,51 billion dollars in II quarter 2007.
The proceeds have grown on 10 % up to 30,09 billion dollars.
The profit of insurance business has fallen on 43 % – up to 360 million dollars though premiums have increased on 5 % – up to 6,23 billion dollars.
Incomes from investments in II quarter have grown on 3 % – up to 884 million dollars, and the profit on business except for insurance has grown on 4 % – up to 1,09 billion dollars.