profit

prof|it¹ W1S1 [ˈprɔfıt US ˈpra:-] n

[Date: 1200-1300; : Old French; Origin: Latin profectus, past participle of proficere; PROFICIENT]

1.) [U and C]

money that you gain by selling things or doing business, after your costs have been paid

≠ ↑loss

→↑revenue

▪ Our daily profit is usually around $500.

▪ She sold the business and bought a farm with the profits.

▪ They sold their house at a healthy profit .

▪ Few independent movies turn a profit .

▪ The property company made a huge profit on the deal.

▪ Profits are up by a third.

▪ Marston's profits rose last year to $17 million.

▪ The group's pre-tax profits slumped to £25.5m.

▪ They were able to report a small trading profit .

2.) [U] formal

an advantage that you gain from doing something

▪ There's no profit in letting meetings drag on.

→↑non-profit

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COLLOCATES for sense 1

at a profit

make/earn/turn a profit

big/huge/healthy/substantial/handsome/hefty profit (=a large profit)

profits are up/down

profits rise/increase/grow

profits soar/leap (=profits increase by a lot)

profits fall/drop

profits slump/plunge (=profits fall by a lot)

boost profits (=make them increase)

maximize profits (=get as much profit as possible)

net profit (=after tax and costs are paid)

gross profit (=before tax and costs are paid)

pre-tax profit (=before tax is paid)

trading/operating profit

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profit ²

profit² v [I and T]

1.) formal to be useful or helpful to someone

profit sb to do sth

▪ It might profit you to learn about the company before your interview.

profit by/from

▪ There are lessons in these stories that all children can profit by.

2.) to get money from doing something

profit by/from

▪ Some industries, such as shipbuilding, clearly profited from the war.