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Berkshire Hathaway profits hit by derivatives

By: Yossel in BRKB | Recommend this post (0)
Sat, 04 Aug 12 4:13 PM | 320 view(s)
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Berkshire Hathaway profits hit by derivatives

Warren Buffett's Berkshire Hathaway reported a smaller second profit as losses on derivatives dragged down results.

The ice-cream-to-insurance conglomerate earned $3.11bn, or $1,882 per Class A share, compared with a profit of $3.42 bn, or $2,072 per Class A share a year earlier.

Photo: AP

Telegraph Staff and agencies11:51AM BST

04 Aug 2012

link-
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9451672/Berkshire-Hathaway-profits-hit-by-derivatives.html




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