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Berkshire operating profit falls short, book value rises

Falling oil prices, coal demand hurt BNSF; insurance results suffered from payouts related to Texas hailstorms

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Warren Buffett's Berkshire Hathaway Inc on Friday confirmed that its first-quarter profit rose 8 per cent.

New York

WARREN Buffett's Berkshire Hathaway Inc on Friday confirmed that its first-quarter profit rose 8 per cent, while operating results fell short of analyst forecasts as falling oil prices and coal demand hurt its BNSF railroad unit.

The Omaha, Nebraska-based conglomerate,