Category: Money tips Release Date: 2006-08-01
"Stock God" Buffett is not only to donate money to big spenders, but also led the company's profit more trick. Quarterly published at the weekend, the Warren Buffett of Berkshire Hathaway's net profit soared 62%. The report shows that the company a total of 2.35 billion U.S. dollars profit, earnings per share 1522 U.S. dollars; while profits last year totaled 1.45 billion Berkshire, 941 U.S. dollars a share; Berkshire company's operating income was 24.91 billion U.S. dollars, up 33%. The end of the second quarter, the company holds 42.07 billion U.S. dollars in cash.
Nebraska is located in the Berkshire Hathaway said that the U.S. raised interest rates, investment and M & A activity have made Warren Buffett earned bowl basin full surplus. Throughout the report, the most embody Buffett "God" and is that before he was "short" dollar, which in one fell swoop to determine accurately the company stand to gain 87 million U.S. dollars.
Berkshire owns 45 companies, the business covering the fast food chains, automobile insurance, as well as the underwear manufacturer. Berkshire is its first big profit insurance, the first half of Berkshire's insurance industry, insurance SERAP 5.84 billion U.S. dollars, compared with 5.2 billion U.S. dollars last year increased by 12%. Among them, the most prominent expression of the Berkshire Hathaway Reinsurance Company, a subsidiary of the first half of the premiums received 1.7 billion, up 1 times the previous year. The company's General Re insurance company dragged the overall performance of hind legs, profit fell 8%. Geico car insurance companies due to the development of fast, performance is not satisfactory.
The second big profits for the energy infrastructure sector --- Buffett's in the bag shortly before the U.S. power provider Pacific. American Electric Power Business Pacific, another energy company and a subsidiary of China-US Energy Holdings Company's second quarter, the company contributed 2.62 billion U.S. dollars in revenue. The Warren Buffett's NetJets private airline to profitability in the first half pre-tax net income of 48 million U.S. dollars of capital, while last year, compared with a negative pre-tax net income of capital one million U.S. dollars.
In June, Buffett decided to invest large sums of money Bill Gates philanthropy. After the news release, and many market participants predicted that Mr. Buffett's profit will be affected. But with the U.S. interest rate increases Dongfeng, Berkshire quarter or a big harvest. As of June 30 in the first half of the company's investment in the overall increase in stock value, stock prices had reached 52.04 billion U.S. dollars the total amount, by the end of December last year, the company owned a total value of 46.72 billion U.S. dollars.
