Berkshire Hathaway, US billionaire Warren Buffett, made a net profit of $39,805 million in the first half, recovering from a $23451 million loss it recorded in the same period in 2020.
According to data released on Saturday, the net profit of the Omaha (Nebraska)-based giant is equivalent to 33.838 million euros.
Operating profit between January and June was $13,704 million, up 20% from last year and total business volume was $133,713 million (13% more). Berkshire Hathaway improved results thanks to a gradual recovery in its multiple businesses, from insurance to energy and infrastructure, with significant equity investments, but the company continued to point to uncertainty when presenting results.
“The COVID-19 pandemic affected nearly all of our operations in 2020, mainly in the second quarter, although impacts varied widely. The dimensions of the long-term impacts cannot yet be estimated at this time,” a statement read.
In the second quarter, the company reported net income of $28,094 million (about €23,880 million), up 7% from the same period last year, with operating profit of $6,686 million and sales of 69,114 million. US dollars (about 22% more. than a year ago).
Among the companies that have gained the most momentum in the past three months are rail infrastructure, public services, energy, and, to a lesser extent, those related to the real estate sector.
The company pointed out that its investments increased by the end of last June to 307.942 million dollars, and that most of them are still concentrated in four listed companies: American Express, Apple, Bank of America and Coca-Cola.
Between March and June, Berkshire Hathaway invested about $6000 million in repurchasing its shares and has already raised 12,600 million for this purpose since the beginning of the year.
