14% rise in profit of Berkshire Hathaway

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.

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