Palestine Development & Investment Co. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 25.18 million compared to USD 22.16 million a year ago. Revenue was USD 34.41 million compared to USD 33.14 million a year ago. Net income was USD 6.04 million compared to USD 6.91 million a year ago. Basic earnings per share from continuing operations was USD 0.027 compared to USD 0.028 a year ago. Basic earnings per share was USD 0.027 compared to USD 0.028 a year ago.
For the six months, sales was USD 52.25 million compared to USD 42.27 million a year ago. Revenue was USD 74.51 million compared to USD 64.96 million a year ago. Net income was USD 12.84 million compared to USD 12.75 million a year ago. Basic earnings per share from continuing operations was USD 0.054 compared to USD 0.051 a year ago. Basic earnings per share was USD 0.054 compared to USD 0.051 a year ago.