Omaha-based Berkshire Hathaway Inc., Warren Buffett's company reported on Friday a jump of 14% in profit for the second quarter ended June 30.

The value of derivative contracts of the company was augmented by the soaring stock market. However, company's operating businesses still bear signs of recession.

Berkshire Hathaway Inc. has posted a net income of $3.3 billion or $2,123 a share, for the April-June, up from $2.88 billion or $1,859 a share for the same period last year.

But, the profit was still down from analysts' projection of profit of $1,238.38 a share.

The company scored revenue worth $29.61 billion in the April-June quarter as compared with $30.09 billion in the same quarter last year.

Insurance investment proceeds soared to $1.16 billion from $884 million. While utility division added $253 million net income, up from $208 million in the previous year.

On the other hand, net income at retail, manufacturing and service businesses dropped to $239 million from $719 million.

In the recent trading, company's Class A shares soared approximately 1.1% to close at $108,100.