Warren Buffett, the CEO of Berkshire Hathaway Inc. said quarterly operating income rose 14 per cent on Saturday. Whereas soaring prices of stock holdings such as Apple Inc led to a overall increase in profit.
Operating income of the fourth quarter ended December rose to US$5.02 billion from US$4.42 billion a year earlier, it said.
While the net income, reflecting the stock gains, rose 23 percent to US$35.84 billion from US$29.16 billion last year.
