Home » Revenue increased by 22%, operating profit increased by 21%, Buffett’s flagship company delivered a beautiful second quarter report

Revenue increased by 22%, operating profit increased by 21%, Buffett’s flagship company delivered a beautiful second quarter report

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[Revenue increased by 22%, operating profit increased by 21%, Buffett’s flagship company delivered a beautiful second quarter report]”Stock God” Buffett’s second quarter transcript was released. Berkshire Hathaway announced today (7th) that the company’s second quarter total Revenue was US$69.114 billion, an increase of 22% from US$56.840 billion in the same period last year; net profit attributable to the parent was US$28.09 billion, an increase of 6.8% from US$26.295 billion in the same period in 2020; operating profit in the second quarter was US$6.69 billion, a year-on-year increase of 21.3% .


“Stock God” Buffett’s second-quarter transcript was released. Berkshire Hathaway’s subsidiary Berkshire Hathaway announced today (7th) that the company’s total revenue for the second quarter was US$69.114 billion, an increase of 22% from US$56.840 billion in the same period last year;Net profitIt was 28.09 billion U.S. dollars, an increase of 6.8% from the 26.295 billion U.S. dollars in the same period in 2020; the operating profit in the second quarter was 6.69 billion U.S. dollars, an increase of 21.3% year-on-year.

By business, the second quarterInsuranceUnderwriting operating profit was US$376 million, down 53% year-on-year; railway,Public utilities, And the operating profit of the energy business was US$2.26 billion, a year-on-year increase of 28%.In addition, the second quarterInsuranceFloating gold was US$142 billion, a year-on-year increase of 8.4%.

During the quarter, Berkshire Hathaway spent approximately $6 billionRepurchaseThe company’s stock repurchases totaled approximately US$12.6 billion in the first half of the year. Last year, the company spent US$24.7 billion in repurchases, setting a historical record.

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Stockshen’s investment preferences have always been the focus of attention.On May 17, local time, Berkshire Hathaway disclosed its position data for the first quarter. The company’s top four positions areAmerican Express(US$21.4 billion),Apple(US$110.9 billion),Bank of America(US$40 billion),Coca Cola(21.1 billion U.S. dollars), accounting for 69% of the total investment portfolio.Reduction in the first quarterChevronandFuGuo bankWait for 11 stocks, increase holdings of 4 stocks including Verizon, and open a long positionInsuranceCompany Aon.

According to statistics from whalewisdom, the share of Berkshire Hathaway’s holdings has been counted. The company’s preference for consumer staples stocks (including retail stocks of daily necessities, food and pharmaceuticals) has decreased year by year. This year’s Q1 share of such stocks has been held. It is only 13.32%, and it has begun to increase investment in the information technology field since Q1 of 2018. As of Q1 of 2021, the share of such stocks has exceeded 40% for four consecutive quarters.

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(Article Source: Interface News)

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