Billionaire Buffett sees profits slump

Warren Buffett said his holding company, Berkshire Hathaway, will report a roughly 10% drop in its first-quarter operating profit next week.

Billionaire Buffett sees profits slump

Warren Buffett said his holding company, Berkshire Hathaway, will report a roughly 10% drop in its first-quarter operating profit next week.

Mr Buffett offered a glimpse of Berkshire’s first-quarter earnings during the company’s shareholders’ meeting yesterday.

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