Friday, January 30th0.6°C
24624
24105

Warren Buffett's Berkshire Hathaway conglomerate reports 4 per cent decline in 1Q profit

OMAHA, Neb. - Warren Buffett's company says its first-quarter profit slipped nearly 4 per cent largely because of an accounting charge in its insurance units.

Berkshire Hathaway Inc. earned $4.71 billion, or $2,862 per Class A share, during the first three months of 2014. That's down from $4.89 billion, or $2,977 per Class A share, a year earlier.

Berkshire's revenue increased nearly 4 per cent to $45.45 billion from $43.87 billion in the same period last year.

Berkshire says its insurance underwriting profits fell to $461 million from $901 million a year earlier because of a deferred charge related to some retroactive insurance policies.

More than 30,000 people are expected to attend Berkshire's shareholders meeting in Omaha, Nebraska, on Saturday.

The Canadian Press


Read more Business News

24667


Recent Trending




Today's Market
S&P TSX14635.78-0.18
S&P CDNX669.44+2.33
DJIA17291.52-125.33
Nasdaq4668.572-14.834
S&P 5002008.11-13.14
CDN Dollar0.7854-0.0068
Gold1286.60-5.10
Oil47.30+0.86
Lumber322.70+0.90
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.400.00
Cantex0.035-0.005
Anavex Life Sciences0.174-0.006
Metalex Ventures0.040.00
Russel Metals23.38-0.20
Copper Mountain Mining1.00+0.02
Colorado Resources0.150.00
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.050.00
Mission Ready Services0.2350.00

 



24811

FEATURED Property
21842172386 Bella Vista Street
$290,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_








Member of BC Press Council


23646