Palestine Development & Investment Co. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 24.93 million compared to USD 25.56 million a year ago.

Revenue was USD 38.74 million compared to USD 40.09 million a year ago. Net income was USD 8.31 million compared to USD 6.8 million a year ago. Basic earnings per share from continuing operations was USD 0.042 compared to USD 0.027 a year ago.

Basic earnings per share was USD 0.042 compared to USD 0.027 a year ago.