Palestine Development & Investment Co. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 24.05 million compared to USD 22.92 million a year ago. Revenue was USD 30.83 million compared to USD 34.25 million a year ago. Net loss was USD 3.28 million compared to net income of USD 4.94 million a year ago. Basic loss per share from continuing operations was USD 0.016 compared to basic earnings per share from continuing operations of USD 0.023 a year ago. Basic loss per share was USD 0.016 compared to basic earnings per share of USD 0.024 a year ago.
For the nine months, sales was USD 76.19 million compared to USD 76.19 million a year ago. Revenue was USD 104.29 million compared to USD 108.75 million a year ago. Net income was USD 10.64 million compared to USD 17.78 million a year ago. Basic earnings per share from continuing operations was USD 0.054 compared to USD 0.077 a year ago. Basic earnings per share was USD 0.054 compared to USD 0.078 a year ago.