Berkshire Hathaway reported a record annual profit on Saturday as its chairman and CEO Warren Buffett in his annual letter warned the shareholders to spend the money wisely – and remember those who “small strands in life” Receive.
After the batching that Berkshire Hathaway had paid far more in corporate income tax than the US government, which was ever received from any company-even the US tech Titans who had also received the market values in trillions The command was given, “The 94 -year -old billionaire pairs of two of his own. St.
“Uncle Sam … spend it wisely … Never forget that we need to maintain a stable currency and this result requires both knowledge and vigilance on your part,” Buffett wrote.
The group of Buffett paid $ 26.8 billion in tax last year, showing the letter.
“I honestly thought in a very subtle way that was a powerful message,” said CFRA Research analyst Kathy Safart.
Oracle of Omaha also celebrated the successes of his business in 60 years, as he managed the struggle of the New England Textile Company and began to convert it into a large -scale group.
The company she had acquired in 1965 was doing so poorly that she did not need to pay income tax for a decade, “a shame”, Buffett wrote because it wrote because she wrote on the tax amount by the company by tax by the company. Flexing continued.
Berkshire now has a cash of $ 334.2 billion, after selling its Apple and Bank of America in the last one year – almost double the $ 167.6 billion cash reserve held a year ago.
In the fourth quarter, Berkshire earned a profit of $ 19.69 billion, or $ 13,695 per share, slightly higher than $ 37.57 billion, or $ 26,043 per share, it was reported in the 2023 fourth quarter.
Operating income, however, $ 14.5 billion, or $ 10,102.07 per class, $ 8.5 billion from 2023 to 70%, or $ 5,878.21 per share and well $ 6,932 per share from analyst Proceeded.
