Biglari Holdings posts Q3 2021 pre-tax operating profit of $754K, net loss of $10.7M on investment losses

Biglari Holdings Inc.

Pre-tax operating earnings improved to $754K in Q3 2021 from ($854K) loss a year ago.
Net loss of $10.7M for Q3 due to $15.7M investment losses; nine-month net earnings $40.3M.
First nine months pre-tax operating earnings $18.0M vs ($10.4M) loss in same period of 2020.
Operating results are presented separately from investment gains, which company deems not meaningful for quarterly analysis.

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