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Reporter: WOWT

CEO Warren Buffett had good news to deliver to Berkshire Hathaway shareholders during Saturday’s annual meeting at CenturyLink Center Omaha.

The company's first-quarter profit more than doubled to $3.2 billion. Last year's profits were hurt by insurance losses in the Japanese earthquake and tsunami, as well as other natural disasters.

Berkshire says its revenue grew 13 percent from a year ago to more than $38 billion.

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