Berkshire Hathaway’s Q2 operating income up by 21% to $6.69B
Berkshire Hathaway Inc. announced on Saturday its operating income in the second quarter of 2021 observed an annual rise of 21% to reach $6.69 billion. Meanwhile, its income for the first six months of the year grew by 19% year-on-year to $13.7 billion.
The investment company reported its net earnings noted an increase of 6.8% in comparison to the same period in 2020 to $28.1 billion in this three-month period and an improvement from net losses to net earnings of $39.8 billion in the six-month timeframe. Net earnings per average equivalent Class B share went up by 13% to $12.33 per share in the second trimester. In the six months of 2021, they saw an annual elevation from losses of $9.67 to earnings of $17.39 per share.
The firm repurchased $6.0 billion of Berkshire shares in the second quarter and a total of $12.6 billion in the first half of the year. Meanwhile, its interest in the railroad, utilities and energy expanded on an annual level from $1.76 billion to $2.26 billion in the first three and from $3.51 billion to $4.21 billion in the first six months of 2021.
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