Palestine Development & Investment Co. reported earnings results for the first quarter of 2013. For the period, the company reported pre-tax profit of USD 6.64 million compared to USD 8.16 million in the same period of 2012, a decrease of 18.6%.

The company's operating profits also decreased from USD 8.17 million in the first quarter of 2012 to USD 7.92 million in the first quarter of 2013, marking a decrease of 3.1%. The Company's consolidated net profit was USD 6.51 million a drop of 18.8% in comparison with USD 8.02 million in the same period of 2012.