Annual Report of Berkshire Hathaway: First Quarterly Earnings Releases
Berkshire Hathaway Inc. is one of the leading conglomerate holding companies of the United States with its headquarters in Omaha, Nebraska. The company runs and manages different subsidiary companies and has declared its first quarter’s financial reports recently. According to the reports, the company has made some significant financial gains in the first quarter of the financial year. The net earnings of the first financial quarter for the year 2011 are reported to be $1,605 billion. After balancing the complete profit and loss accounts, the company has reported a net cash flow of $3,502 billion from its operational activities.
The company has also recorded a positive turnover from the investment activities too. As per the financial reports of the company, the investing activities turnover has been reported to hover at $ 2,861 billion. The reports of the first quarter of the Berkshire Hathaway stocks clearly indicate that the company has made some positive financial gains in the first quarter. Therefore, it expects to make better financial gains in the coming quarters. Berkshire Hathaway annual report 2011 is also expected to be better than that of the previous year.
As per the reports, the company has also made future planning for its business and has declared the same in the meeting. It has been reported that the company has plans of expansion in the coming days as it does not want to remain restricted only in the United States or in the western countries. The reports indicate that the company officials have plans to move to the eastern regions in the coming days. They are hopeful that the expansion to the Asian countries will help in improving financial conditions in the days to come.
The company expects that the share value of the company will increase in the future and so the share holders of the company can expect to get better gains in the coming quarters. To convince share holders, the company has given official declaration that the management will take care of every investment which they receive from the share holders and they will try their best to maximum the gains. The company has also made a declaration of its plans to bring new measures in the sales and business. The management is hopeful that the new business plans will help them in attracting better gains in the coming quarters of the ongoing financial year. Yet, it also gave a declaration of the investments the company will have to make for the implementation of these plans.