Berkshire Hathaway, the company of American billionaire Warren Buffett, posted a net profit of $ 39,805 million in the first half, offsetting $ 23,451 million in losses recorded over the same period in 2020.
According to figures released on Saturday, the Omaha, Nebraska-based conglomerate has a net income of 33.838 million euros.
Operating income for the January-June period was $ 13,704 million, up 20% from a year ago, and total turnover of $ 133,713 million (up 13%). Berkshire Hathaway improved its results thanks to a gradual recovery in its many areas of activity, from insurance to energy and infrastructure, with large equity investments, but the company continued to point to uncertainty in the presentation of the results.
“The covid-19 pandemic damaged almost all of our operations in 2020, mostly in the second quarter, although the impact varied widely. It is currently impossible to assess the magnitude of the long-term impact, ”the statement said.
In the second quarter, the company posted net profit of USD 28,094 million (approximately EUR 23,880 million), up 7% on the same period last year, with operating income of USD 6,686 million and turnover of 69,114 million (almost 22% more). than a year ago).
Businesses gaining traction over the past three months include train infrastructure, utilities, energy and, to a lesser extent, the real estate sector.
The company noted that by the end of June its investments had increased in market value to $ 307,942 million and that most of it remains concentrated in four listed companies: American Express, Apple, Bank of America and Coca-Cola.
Between March and June, Berkshire Hathaway invested about $ 6 billion in share buybacks and has accumulated $ 12.6 billion for this purpose since the beginning of the year.
