Palestine Development & Investment Co. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 27.08 million compared to USD 20.11 million a year ago. Revenue was USD 40.09 million compared to USD 31.83 million a year ago. Net income was USD 6.8 million compared to USD 5.85 million a year ago. Basic earnings per share from continuing operations was USD 0.027 compared to USD 0.024 a year ago. Basic earnings per share was USD 0.027 compared to USD 0.023 a year ago.