{"id":16633,"date":"2020-05-03T03:44:25","date_gmt":"2020-05-02T22:44:25","guid":{"rendered":"https:\/\/umang.pk\/2020\/05\/warren-buffetts-berkshire-posts-record-loss-of-50-billion-operating-profit-rises\/"},"modified":"2020-05-03T03:44:25","modified_gmt":"2020-05-02T22:44:25","slug":"warren-buffetts-berkshire-posts-record-loss-of-50-billion-operating-profit-rises","status":"publish","type":"post","link":"https:\/\/umang.pk\/ur\/2020\/05\/03\/warren-buffetts-berkshire-posts-record-loss-of-50-billion-operating-profit-rises\/","title":{"rendered":"Warren Buffett&#8217;s Berkshire posts record loss of $50 billion, operating profit rises"},"content":{"rendered":"<div>NEW DELHI: Berkshire Hathaway Inc, of Warren Buffett, posted a record net loss of nearly $ 50 billion on Saturday when the coronavirus pandemic hit its investments in common stock, but operating profit increased even as COVID-19 hurt its business . <br \/>Berkshire&#39;s first-quarter net loss totaled $ 49.75 billion, or $ 30,653 per Class A share, reflecting $ 54.52 billion of investment losses, primarily common stock. A year earlier, net earnings totaled $ 21.66 billion, or $ 13,209 per share. <br \/>Quarterly operating profit, which Buffett considers a better performance measure, increased 6% to $ 5.87 billion, or about $ 3,624 per Class A share, $ 5.56 billion, or about $ 3,388 per share. <br \/>An accounting rule requires Berkshire to report profit and loss on unrealized stock with profit. This causes major changes in Berkshire&#39;s net results that Buffett considers to be pointless. <br \/>However, Berkshire has been loaded with shares in part due to Buffett&#39;s inability to find large companies to buy directly, a drought that has lasted more than four years and left Berkshire with around $ 137.3 billion in cash. <br \/>The Standard &amp; Poor &amp; # 39; s 500 fell 20% in the first quarter, but there were steeper declines at several large Berkshire properties, including American Express, Bank of America, Wells Fargo and four airlines: American, Delta, Southwest and United. <br \/>Berkshire&#39;s operating businesses, like much of corporate America, were not unharmed by COVID-19, which hurt volumes on the BNSF rail and forced retail businesses like See &amp; # 39; s Candies to temporarily close stores. <br \/>The pandemic has affected most Berkshire businesses, with effects ranging from &quot;relatively minor to severe,&quot; and revenues from businesses deemed &quot;essential&quot; have slowed &quot;considerably&quot; in April, the company said. <br \/>Vice President Charlie Munger told a United States-based newspaper last month that some small Berkshire businesses could close entirely. <\/div>\n<p>        .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Berkshire Hathaway Inc, of Warren Buffett, posted a record net loss of nearly $ 50 billion on Saturday when the coronavirus pandemic hit its investments in common stock, but operating profit increased even as COVID-19 hurt its business . Berkshire&#39;s first-quarter net loss totaled $ 49.75 billion, or $ 30,653 per Class A [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[18533,18534,18535,23312,23313],"class_list":["post-16633","post","type-post","status-publish","format-standard","hentry","category-blog","tag-berkshire-hathaway","tag-berkshire-hathaway-loss","tag-berkshire-hathaway-news","tag-warren-buffett","tag-warren-buffett-company"],"_links":{"self":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/16633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/comments?post=16633"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/16633\/revisions"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/media?parent=16633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/categories?post=16633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/tags?post=16633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}