- 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] formalan advantage that you gain from doing something▪ There's no profit in letting meetings drag on.▬▬▬▬▬▬▬COLLOCATES for sense 1at a profitmake/earn/turn a profitbig/huge/healthy/substantial/handsome/hefty profit (=a large profit)profits are up/downprofits rise/increase/growprofits soar/leap (=profits increase by a lot)profits fall/dropprofits 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▬▬▬▬▬▬▬profit 2profit2 v [I and T]1.) formal to be useful or helpful to someoneprofit 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 somethingprofit by/from▪ Some industries, such as shipbuilding, clearly profited from the war.
Dictionary of contemporary English. 2013.