• News average pre-tax profit margin for 2023 was 3.88%, a 24.07% increase from 2022.
• News average pre-tax profit margin for 2022 was 5.11%, a 26.79% decline from 2021.
• News average pre-tax profit margin for 2021 was 6.98%, a 151.21% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.