Palestine Development & Investment Co. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 22.92 million compared to USD 22.52 million a year ago. Revenue was USD 34.25 million compared to USD 34.02 million a year ago. Net income was USD 4.94 million compared to USD 4.29 million a year ago. Basic earnings per share from continuing operations was USD 0.023 compared to USD 0.017 a year ago. Basic earnings per share was USD 0.024 compared to USD 0.017 a year ago.
For the nine months, sales was USD 75.17 million compared to USD 64.78 million a year ago. Revenue was USD 108.75 million compared to USD 98.98 million a year ago. Net income was USD 17.78 million compared to USD 17.04 million a year ago. Basic earnings per share from continuing operations was USD 0.077 compared to USD 0.068 a year ago. Basic earnings per share was USD 0.078 compared to USD 0.068 a year ago.