Berkshire posts loss on derivatives
Güncelleme Tarihi:
Agence France-Presse
Oluşturulma Tarihi: Mayıs 11, 2009 00:00
PRISTINA - Warren Buffett’s Berkshire Hathaway posted its first loss since 2001 on what the billionaire chairman has called his 'major mistake' of buying ConocoPhillips shares when oil prices were near their peak.
The first-quarter net loss of $1.53 billion, or $990 a share, compares with profit of $940 million, or $607, in the same period a year earlier, the Omaha, Nebraska-based firm said. Writedowns on derivatives tied to corporate-debt indexes cost the company about $1.3 billion.