Palestine Development & Investment Co. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 23.92 million compared to USD 23.11 million a year ago. Net income was USD 5.62 million compared to USD 6.04 million a year ago. Basic earnings per share from continuing operations was USD 0.028 compared to USD 0.027 a year ago. Basic earnings per share was USD 0.028 compared to USD 0.027 a year ago.
For the six months, sales was USD 48.84 million compared to USD 49.18 million a year ago. Net income was USD 13.93 million compared to USD 12.84 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.054 a year ago. Basic earnings per share was USD 0.07 compared to USD 0.054 a year ago.