(RTTNews) - Leucadia National Corp. (LUK), a holding company that invests in insurance, real estate, telecom and manufacturing, gaming and winery operations, posted a four-fold increase in profit. The company is sometimes referred to as mini Berkshire Hathaway, as its investments are value-oriented.
Net income attributable to common shareholders rose to $370.2 million or $1.50 a share, from year-ago $89.5 million or 37 cents a share. Income from continuing operations rose to $1.40 per share from $0.37 last year. Revenues and other income rose to $280.8 million from $251.6 million last year.
The company is in a joint venture with Berkshire Hathaway to buy some assets of commercial real estate company Capmark Financial, which filed for bankruptcy protection last month.
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