Berkshire Hathaway profit rises 8.2% to $5.59 bn
Warren Buffett-led conglomerate holding firm Berkshire Hathaway on Saturday posted an 8.2% year-on-year growth in profits for the quarter ended March to $5.59 billion. The profit was driven by a two-fold increase in the company's gains from the investment and derivative segment to $1.85 billion. Meanwhile, profits in the insurance sector fell by over 50% to $213 million.