Berkshire Hathaway profit rises, helped by stock gains

FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune’s Most Powerful Women’s Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said quarterly operating income rose 14%, while soaring prices of stock holdings such as Apple Inc led to a higher overall profit.

Fourth-quarter operating income rose to $5.02 billion from $4.42 billion a year earlier, it said.

Net income, reflecting the stock gains, rose 23% to $35.84 billion from $29.16 billion a year earlier.

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