- Berkshire Hathaway reported its highest-ever annual operating profit of $30.8 billion despite rising inflation and supply chain disruptions.
- The company bulked up its cash hoard, ending the year with $128.6 billion.
- Berkshire bought back $2.6 billion of its own stocks in the fourth quarter.
- Quarterly operating profit fell 8% to $6.71 billion.
- Net income for the quarter fell 54% to $18.16 billion.
Buffett's Berkshire has record annual operating profit despite inflation, rate pressures
Warren Buffett's Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter.
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