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Berkshire Hathaway Sees Retail Jump

Aug 5, 2018 9:32 AM   By Rapaport News
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RAPAPORT... Revenue from the retail division of Warren Buffett’s Berkshire Hathaway increased 5% to $3.93 billion in the second quarter, the company reported Saturday.

The improvement in the division, which includes jewelry chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was boosted in large part by the company’s automotive sector and the sale of pre-owned vehicles. Pre-tax earnings for the entire retail unit climbed 22% to $764 million.

Revenue from manufacturing of consumer products, which includes jewelry maker Richline, rose 8% to $3.23 billion.
Tags: Ben Bridge Jeweler, Berkshire Hathaway, borsheims, Helzberg Diamonds, Rapaport News, richline, warren buffett
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