In a statement on their website the company said, their Net Income fell $ 4.16 billion or $ 2,529 per share from $ 4.99 billion or $ 3,035 per share a year earlier. In the statement the Nebraska based company said, their Operating earnings were $ 2,412 per share.
It was previously reported that, 84-years old Warren Buffet, Chairman of the company wanted to make 2015 a trumpet year. He took control of the struggling company five decades ago and transformed it into a staggering business empire. In his early time he bought insurers and used the premiums from those businesses for stock picks and acquisition. Now his business operation includes electric utilities, manufacturers, retailers and one of the largest railroads in U.S. Describing his takeover of the struggling company in 1964 he said, it was "a monumentally stupid decision".
In recent times many of his acquisition have been benefited from the recovery in the US economy. Last year Berkshire agreed to purchase companies like Van Tuyl Group, a network of car dealerships, and battery-maker Duracell. It was also reported that the company is trying to expand its business in other countries. In recent times the company purchased an electronic transmission business in Alberta, Canada. Last week it was also revealed that the company is acquiring a motorcycle apparel and accessories retailer based in Hamburg, known as Detlev Louis Motorradvertriebs GmbH for $ 450 million.
It was also reported that, the Berkshire`s market value passed the $ 360 billion mark with the help from the rising earnings at Berkshire's operating units. According to market data class A share for the company had risen 29 percent in the last year to $ 221,180.
The company also released the eagerly awaited annual report in two parts. The first part consist of 2014 report and the second part covers Buffet`s 50 years of managing Berkshire.
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