Warren Buffett’s company with a loss of 38 billion until June – Companies

Berkshire Hathaway, a company owned by US billionaire Warren Buffett, had losses of US$38.295 billion (€37.5 billion) in the first half, compared to gains of US$39.805 billion in the same period last year.

The loss of the conglomerate based in Omaha (Nebraska) is equivalent to 37,591 million euros, according to data released today, which attribute the results to the devaluation of the investments made.

In today’s results, Berkshire says it had to report losses of $43,755 million due to the decline in the value of its investments, the equivalent of a loss of $29,754 per Class A share.

Between January and June 2021, the company recorded earnings of $18,488 million, equivalent to earnings of $18,488 per Class A share.

For his part, Buffet has repeatedly argued that Berkshire’s operating earnings are a better measure of the company’s performance, as they exclude investment gains and losses, which can vary between quarters.

On this metric, Berkshire’s earnings rose to $9.28 billion – $6,312.49 per Class A share – from $6.69 billion last year – $4,399.92 per Class A share.

Four analysts surveyed by FactSet had expected operating earnings per Class A share to be $4,741.64.