Investment Projects, Business Armenia Wimedia going Global | Page 24

Profitability ratios are presented in the table below:
Ratios 2019 (F) 2020 (F) 2021 (F) 2022 (F) 2023 (F) 2024 (F)
Operating profit
margin 12.9% 28% 49.7% 53.9% 57% 59.1%
Net profit
margin 10.3% 22.4% 39.7% 43.1% 45.6% 47.3%
ROE 8.2% 20.2% 43.7% 45.6% 47.2% 48.3%
Table 10: Forecast profitability ratios for 2019-2024
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