• Progressive average net profit margin for 2023 was 4.98%, a 219.23% increase from 2022.
• Progressive average net profit margin for 2022 was 1.56%, a 81.69% increase from 2021.
• Progressive average net profit margin for 2021 was 8.52%, a 30.51% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.