Berkshire Hathaway's 4Q net income up 43 percent

OMAHA, Neb. (AP) - Warren Buffett's Berkshire Hathaway reported 43 percent jump in fourth-quarter profit thanks to strong performance Saturday at the BNSF Railway and paper to get 1.4 billion dollars in derivative contracts and investment company.
Buffett said in his annual letter that the acquisition of Burlington Northern Santa Fe Railway was an event in 2010 for his Omaha, Neb.-based company.
Berkshire reported $ 4.38 billion net profit, or $ 2,656 in the class of share, in the fourth quarter. This compared with 3.1 billion U.S. dollars of net profit, or $ 1969 in the class of share, a year ago.
Three analysts polled by FactSet expected Berkshire to report earnings per share of class from $ 1,690 in the fourth quarter.
Berkshire earnings rose nearly 20 percent of $ 36.2 billion $ 30.2 billion last year.
During the fourth quarter of 2010, Berkshire recorded largely unrealized gain of $ 1.4 billion on its derivatives and investments. Last year, Berkshire investments and derivatives added $ 1.03 billion in its fourth quarter earnings.
Buffett said Berkshire $ 26700000000 acquisition of the BNSF in February last year, works better than he expected. Rail added $ 2.2 billion net profit in 2010, Berkshire, and Buffett said Berkshire owning railway will increase in "normal" earn almost 40 percent before taxes, and more than 30 percent after taxes.
Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) is a conglomerate holding company headquartered in Omaha, Nebraska, USA, which controls and manages a number of subsidiaries. The company averaged an annual growth of 20,3% of book value to shareholders over the past 44 years while employing large quantities of capital and the minimum debt.Berkshire Hathaway shares is the total revenue 76% from 2000-2010 from negative 11.3% return for S & P 500.]
Warren Buffett is chairman and CEO of the company. Buffett used to "float" provided by the insurance operations Berkshire Hathaway's (paid premiums, which are not recorded in the reported claims and reserves can be invested) to finance their investments. In his early career in Berkshire, he focused on long-term investments in equities listed on exchanges, but lately it has turned to buying whole companies. Berkshire owns a wide range of enterprises, including railways, candy production, retail, home furnishings, encyclopedias, and the production of vacuum cleaners, jewelry sales, newspaper publishing, production and distribution form, as well as several regional electric and gas utilities.