2023-08-05 14:52:25
By Le Figaro with Reuters
Posted yesterday at 2:52 p.m., Updated yesterday at 2:52 p.m.
American billionaire Warren Buffett. KEVIN DIETSCH/Getty Images via AFP
A year ago, around the same time, Berkshire Hataway had lost nearly $44 billion.
Berkshire Hathaway, owned by US billionaire Warren Buffett, published, this Saturday, a record profit of around 36 billion dollars, made in the second quarter of 2023. A year earlier, the conglomerate had posted a loss of nearly $44 billion. This performance is due in particular to the good results achieved by Berkshire’s insurance activities, which are less dependent on the economic situation.
Berkshire also announced, on the sidelines of its financial results, the repurchase of $1.4 billion of shares in the quarter, which brings to $5.8 billion of repurchase in the first quarter.
During the annual general meeting of his conglomerate last May, Warren Buffett announced that he expected a drop in profits from the majority of the stakes he holds for this year. On the other hand, he had expected, on this occasion, an increase in the profits of his insurance activities.
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