Warren Buffett’s company earns nearly $ 40 billion through June

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New York, Aug 7 (EFE) .- Berkshire Hathaway, the company of billionaire Warren Buffett, had a net profit of $ 39,805 million between January and June of this year, a rebound from the losses of $ 23,451 million it suffered. in that section of 2020.

The conglomerate based in Omaha (Nebraska) announced this Saturday that it had an operating profit of 13,704 million in the first half of this year (20% more year-on-year) and a total turnover of 133,713 million (13% more).

Berkshire Hathaway improved its results thanks to the progressive recovery of its multiple businesses, ranging from insurance to energy to infrastructure, and its large stock market investments, although the company continued to highlight the uncertainty when reporting its figures.

“The covid-19 pandemic adversely affected almost all of our operations in 2020 and particularly in the second quarter, although the effects varied significantly. The magnitude of the long-term effects cannot be reasonably estimated at this time,” he said in a statement. release.

In the second and most recent quarter, the firm had a net profit of 28,094 million, 7% higher than the same period in 2020, with an operating profit of 6,686 million (21% more) and a turnover of 69,114 million (almost 22% more).

Among the businesses that have gained the most momentum in the last three months are infrastructure for trains, public services such as electricity, energy and to a lesser extent those related to the real estate sector.

The firm pointed out that at the end of June its investments had increased their market value to 307,942 million and that most of them were still concentrated in four listed companies: American Express, Apple, Bank of America and Coca-Cola.

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Between March and June, Berkshire invested about 6,000 million dollars in the repurchase of its shares, which has already accumulated 12,600 million for this purpose since the beginning of the year.

On the other hand, a charge of 9.8 billion was recorded in the quarter related to the manufacturer of industrial and aviation parts Precision Castparts Corp, which it bought in 2016 and whose business has been negatively affected by the crisis in the sector.

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