Operating profit increased to $13.5 billion, equivalent to 127 billion kronor, compared to profit of $10.1 billion in the same period last year, according to the quarterly report released on Saturday.
Buffett, 95, announced earlier this year that he would step down as CEO of the company he has led for about 60 years at the end of the year. The stock has underperformed the US stock market this year, partly after the announcement that Buffett would step down as chief operating officer, but also probably as a result of the company piling up more and more cash.
The treasury now stands at a record high of $382 billion and investors have requested share buybacks to keep the price up.
