Meaning & use

turn profit

phrase·Academic

Last updated

UK/ˌtɜːn ˈprɒfɪt/
US/ˌtɜːrn ˈprɑːfɪt/

Meanings

  1. phraseidiombusiness

    to begin making money after paying all the costs of running a business.

    Grammar: Most often 'turn a profit'; the noun is countable, so the article 'a' is normal.

    Patterns

    • turn a profit
    • turn a profit on something
    • start to turn a profit

    The shop finally turned a profit after two difficult years.

    They hope to turn a profit on the new product by next spring.

    It is hard for small farms to turn a profit these days.

  2. phraseidiomfinance

    to sell something for more money than you paid for it.

    Grammar: Often used with 'on': turn a profit on a house or shares.

    Patterns

    • turn a profit on something

    She turned a profit on the apartment she sold.

    He turned a profit on his old car.

Common combinations

turn a profit
The restaurant began to turn a profit last year.
turn a quick profit
They bought the land to turn a quick profit.
struggle to turn a profit
Many airlines struggled to turn a profit during the crisis.
turn a profit on an investment
He turned a profit on his investment in gold.
make a profit
The company made a profit of two million dollars.

Synonyms and how they differ

make a profit
The most common and neutral phrase; use it when you simply state the result, while 'turn a profit' often stresses the change from loss to gain.
be in the black
Informal business idiom meaning not owing money; it describes a state, not the act of becoming profitable.
break even
Means making neither a profit nor a loss, so it is not a true synonym but often comes just before turning a profit.

Opposites

lose moneyrun at a loss

Word family

profitable adjective
making money or giving a benefit.
profit noun
the money left after costs are paid.
profitability noun
the ability of a business to make a profit.

Commonly confused: turn profit or prophet?

turn profit vs prophet

A prophet is a religious teacher who speaks for God. It sounds the same as 'profit' in many accents, so check the spelling in business writing.

Practice

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