Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021.
Gerard Miller | CNBC
Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in its railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record high as Warren Buffett continued to sit on the sidelines.
The conglomerate reported operating income of $6.47 billion in the third quarter, rising 18% from $5.48 billion in the same quarter a year ago, according to its earnings report released on Saturday.
Berkshire said its myriad of businesses has benefited from the economic reopening as demand started to return…