> Warren Buffett Blog: Berkshire Q2 profit soars 41% in 2014

Monday, August 4, 2014

Berkshire Q2 profit soars 41% in 2014

Warren Buffett's Berkshire Hathaway Inc said second-quarter profit soared 41 percent to a record high, reflecting substantial investment gains and improved results in manufacturing, service and retail businesses.

Berkshire owns more than 80 businesses in sectors including insurance, railroads, energy, chemicals, food and clothing. Berkshire's diversification helped in the quarter. While profit fell 8 percent in insurance, the company's best known business sector, earnings from other businesses grew 20 percent.

Berkshire's cash stake surged to $55.46 billion from $48.95 billion at the end of March.