• Progressive average net profit margin for 2023 was 3.87%, a 66.09% increase from 2022.
• Progressive average net profit margin for 2022 was 2.33%, a 77.83% increase from 2021.
• Progressive average net profit margin for 2021 was 10.51%, a 6.99% decline from 2020.

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