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Profit rises 40 percent

Monday, March 7, 2005 | 9:33 a.m.

Berkshire Hathaway Inc., the investment and insurance company controlled by billionaire Warren Buffett, said fourth-quarter profit rose 40 percent on a $1.63 billion gain from betting against the U.S. dollar.

Net income climbed to $3.34 billion, or $2,171 a share, from $2.39 billion, or $1,553, a year earlier, the Omaha, Neb.-based company said on its Web site.

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