The legendary US investor Warren Buffett says he has achieved the highest annual profit of all time with his company conglomerate. Despite rising inflation, disrupted supply chains and other consequences of the war in Ukraine, operating profit rose to $30.79 billion last year, according to Buffett’s investment company Berkshire Hathaway. A year earlier it was $27.46 billion. The bottom line, however, was that the company lost $22.82 billion. Buffett regularly describes the net result as meaningless because it depends heavily on the fluctuating market values of the large blocks of shares that the company holds in other companies such as Apple and Bank of America. The $308.8 billion stock portfolio lost value last year. According to Buffett, the operating result, on the other hand, reflects the actual business development of the company’s own group companies. According to the information, business was good in the energy sector and in the insurance sector, which benefited from rising interest rates.
Warren Buffett – Operating profit record – Economy
