Palestine Electric Company announced unaudited consolidated preliminary earnings results for the year ended December 31, 2017. For the year, the company reported net income before tax of USD 8,642,228 compared to net loss before tax of USD 648,817 a year ago. Net Income after tax was USD 8,642,228 compared to net loss before tax of USD 648,817 a year ago. Basic and diluted earnings per share were 0.140 cents compared to basic and diluted loss per share 0.010 cents a year ago. Net comprehensive income was USD 8,642,228 compared to loss of USD 648,817 a year ago. Net cash flow from operating activities was USD 18,251,846 compared to USD 9,547,535 a year ago. Purchase of Property, Plant and Equipment was USD 24,217 compared to USD 29,582 a year ago.