Berkshire Hathaway operating profit nearly doubled in third quarter

Business

FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha May 4, 2013. REUTERS/Rick Wilking/File Photo

NEW YORK (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday reported that its quarterly operating profit nearly doubled, with the business helped by lower taxes and stronger insurance results.

Operating profit in the second quarter rose to $6.88 billion from $3.44 billion a year earlier.

Reporting by Trevor Hunnicutt; Editing by James Dalgleish

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