The firm also saw its first-quarter revenues decline by nine per cent to US$20.25 billion as against US$22.27 billion in the corresponding period a year ago.
According to the company, investment losses from other-than-temporary impairments for the first quarter, predominantly relate to Berkshire’s investment in energy major ConocoPhillips common stock.
(Published 09 May 2009, 16:33 IST)
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