profit

prof|it1 [ `prafıt ] noun ***

1. ) count or uncount money that you make by selling something or from your business, especially the money that remains after you have paid all your business costs. Your total profit before you pay tax is called gross profit, and the amount that remains after you have paid tax on this is called net profit:

Profits rose 31% to $144 million.

make a profit: Investors have made a 14% profit in just 3 months.

profit from: All the profits from the sales of the CD will go to the Multiple Sclerosis Society.

profit on: The profit on that deal was $21 million.

at a profit (=so that you make a profit): They were buying securities and reselling them at a profit.

for profit (=in order to make money): the practice of killing whales for profit

─ opposite LOSS

2. ) uncount FORMAL the advantage you get from a situation:

No profit lay in that line of thinking.

=> PROFIT AND LOSS ACCOUNT

profit

prof|it 2 [ `prafıt ] verb transitive FORMAL *

to give someone an advantage:

I think we have reached an agreement which not only profits management but also labor.

`profit from or `profit ,by phrasal verb transitive

profit from/by something to get an advantage from a situation:

She hopes to profit from the experience.

a. to make a profit from something:

They were accused of profiting from the sale of state assets.