Berkshire Hathaway’s highest quarterly results move conglomerate to almost $36bn overall profit

Those units also include Berkshire's namesake energy company, several industrial companies, and familiar brands such as Dairy Queen, Duracell, Fruit of the Loom and See's Candies.

Net income was $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss.It also remained a big net seller of stocks from its $353 billion equity portfolio — about half of which is Apple — shedding about $8 billion more stocks than it bought. Those results are volatile because accounting rules require Berkshire to report unrealised gains even if it sells nothing. Buffett urges investors to ignore the fluctuations.

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