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profit

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noun profit pronunciation in British English /ˈprɒfɪt/ 
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singularprofit
pluralprofits
  1. 1
    [countable/uncountable] business 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 on:

    The profit on that deal was £21 million.

    profit from:

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

    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

  2. 2
    [uncountable] formal the advantage that you get from a situation

    No profit lay in that line of thinking.

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chicken raffle

any random process, such as a competition in which a name is drawn from a hat

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