Berkshire Hathaway's Q4 operating profit fell 30% year-on-year, hit by weak insurance results and $4.5 billion in impairment losses, as Warren Buffett's final quarter as CEO saw cash holdings dip to $373.3 billion and share buybacks remain on hold.
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Berkshire Hathaway's Q4 Operating Profit Plunges 30% on Weak Insurance Performance
Berkshire Hathaway's Q4 operating profit fell 30% year-on-year, hit by weak insurance results and $4.5 billion in impairment losses, as Warren Buffett's final quarter as CEO saw cash holdings dip to $373.3 billion and share buybacks remain on hold.
Lotte Chemical Corp. reported a 1 trillion won impairment loss, clarifying it is unrelated to the Daesan complex restructuring, and posted a 2.49 trillion won annual net loss amid efforts to boost profitability through high-value materials.
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Lotte Chemical Says 1 Trillion Won Impairment Not Linked to Daesan Restructuring
Lotte Chemical Corp. reported a 1 trillion won impairment loss, clarifying it is unrelated to the Daesan complex restructuring, and posted a 2.49 trillion won annual net loss amid efforts to boost profitability through high-value materials.
Naver Corp. has written off its entire WEMIX virtual asset investment, totaling $2.5 million, after the token was delisted from South Korean exchanges, highlighting the risks of corporate crypto holdings.
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Naver Reports Full Loss on WEMIX Virtual Asset Investment
Naver Corp. has written off its entire WEMIX virtual asset investment, totaling $2.5 million, after the token was delisted from South Korean exchanges, highlighting the risks of corporate crypto holdings.
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