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Upbeat Buffett eyes big acquisitions after record Berkshire profit

Published on Mar 1, 2014 10:44 PM
 

NEW YORK (REUTERS) - Warren Buffett's Berkshire Hathaway Inc on Saturday signaled he plans to make more large acquisitions to expand a conglomerate that posted a record profit in 2013, helped by a recovering US economy.

"Charlie and I have always considered a 'bet' on ever-rising US prosperity to be a very close to a sure thing," Buffett, 83, said in his annual letter, referring to his 90-year-old vice chairman Charlie Munger.

"America's best days lie ahead."

Full-year profit rose 31 per cent to US$19.48 billion (S$24.67 billion), or $11,850 per Class A share, while operating profit rose 20 per cent to $15.14 billion, or $9,211 per share.

 
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