Berkshire Hathaway announced on Saturday a sharp rebound in its operating profit for the third quarter, while its cash reserves also reached a new record high, without any share buyback operations. The company has shown impressive financial results, indicating a strong recovery of its business.
Berkshire Hathaway Reports Sharp Profit Increase
American holding company Berkshire Hathaway recorded a significant increase in operating profit and a rise in cash reserves to a record level in the third quarter. The company did not conduct any share repurchase operations.