Palestine Development & Investment Co. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 19.44 million compared to USD 23.5 million a year ago.

Revenue was USD 29.94 million compared to USD 35.65 million a year ago. Net income was USD 4.94 million compared to USD 8.31 million a year ago. Basic earnings per share from continuing operations was USD 0.026 compared to USD 0.046 a year ago.

Basic earnings per share was USD 0.026 compared to USD 0.042 a year ago.