Palestine Development & Investment Co. reported consolidated earnings results for the first half of 2018. For the period, the company reported operating revenue was $43,428,000 against $50,680,000 a year ago. Net income before tax was $13,781,000 against $7,919,000 a year ago. Net income after tax was $13,208,000 against $7,459,000 a year ago. Basic and diluted earnings per share were $0.046 against $0.029 a year ago. Net cash from operating activities was $212,000 against $4,195,000 a year ago. Purchase of property, plant and equipment was $2,483,000 against $4,407,000 a year ago.