Warren Buffett’s Berkshire Hathaway Inc on Saturday said first-quarter operating profit climbed up to 20%. It saw an extension of its recent aggressive stock repurchases by buying back $6.6 billion of its own stock.
Operating profit increased to $7.02 billion, from $5.87 billion a year earlier.
Berkshire also reported net income of $11.71 billion, or $7,638 per Class A share, compared with a net loss of $49.75 billion, or $30,653 per share, a year earlier.