POST Online Media Lite Edition


Berkshire Hathaway Q2 profit increased 87 percent

Christian Fernsby |
Berkshire Hathaway reported a profit for the second quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market.

Article continues below


But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the coronavirus pandemic.

Quarterly operating profit declined 10 percent.

Total revenues for the quarter were $56.84 billion, down 10.6 percent.

What to read next

Berkshire Hathaway's 4Q profit up 10 percent
Berkshire Hathaway Q4 profit down 17%, operating earnings rise
Berkshire Hathaway Q1 loss $1.1 billion