Reuters: Regulatory News: Berkshire Hathaway 1st-qtr profit rises 51 pct

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Berkshire Hathaway 1st-qtr profit rises 51 pct May 3rd 2013, 21:14 OMAHA, Neb. | Fri May 3, 2013 5:14pm EDT OMAHA, Neb. May 3 (Reuters) - Warren Buffett's company Berkshire Hathaway Inc on Friday said first-quarter profit rose nearly 51 percent, helped by improved results in insurance and gains from its investments and derivative contracts. Net income increased to $4.89 billion, or $2,977 per Class A share, from $3.25 billion, or $1,966 per share, a year earlier. Quarterly operating profit rose 42 percent to $3.78 billion, or $2,302 per share, from $2.67 billion, or $1,615 per share.

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