Profit shot for Warren Buffett

Profit shot for Warren Buffett

World August 4, 2018 21:45

- 'Super investor' Warren Buffett has significantly increased profits from its Berkshire Hathaway fund by 67% over the past quarter.

The operating result went to $ 6.89 billion, compared to $ 4.13 billion in the same months a year earlier. Under the line, $ 12 billion was left against $ 4.26 billion last year.

This was reported by the American, also called the 'Oracle from Omaha' because of his long-term investment successes, on Saturday in a press release.

This profit and the turnover were well above the expectations of analysts.

The conglomerate Berkshire Hathaway, which recently expanded its investments in Apple, benefited from better performance in its insurance activities.

According to Buffett, the strongly growing American economy contributed to his investment success. Berkshire owns ninety companies in, among others, chemicals, food production, retail, industry, railways and shares such as Apple.

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