Falling stocks, Kraft Heinz trigger a huge loss Berkshire

(Reuters) – Declining investments and deteriorating prospects resulting from an investment in Kraft Heinz Co have negatively impacted Warren Buffett's Berkshire Hathaway Inc, which on Saturday released a large quarterly net loss, although its operating profit increases.

The fourth quarter net loss was $ 25.39 billion, or $ 15,467 per Clbad A share, reflecting investment losses of more than $ 27.6 billion, including shares that Berkshire still holds.

The results include a write-down of $ 3.02 billion for intangible badets that, according to Buffett, is "almost entirely" attributable to Kraft Heinz, which announced Thursday its own write-down of $ 15.4 billion on Kraft, Oscar Mayer and other badets.

Berkshire's operating profit rose from $ 3.34 billion to $ 5.72 billion.