Palestine Electric reported unaudited consolidated financial statements for the first quarter ended March 31, 2018. For the quarter, net profit after tax reached USD 4,050,976 compared with net profit after tax of USD 3,606,618 for 2017, a net increase in profit of 12.32%. Net income before tax was USD 4,050,976 compared to USD 3,606,618 a year ago. Basic and diluted earnings per share were 0.068 cents compared to 0.060 cents a year ago. Net comprehensive income was USD 4,050,976 compared to USD 3,606,618 a year ago. Net cash flow from operating activities was USD 4,231,851 compared to USD 10,909,497 a year ago. Purchase of property, plant and equipment were USD 5,428 compared to USD 4,614 a year ago.