Net profits
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
Theoretically nil profits are "net." But as the expression "gross profits" is sometimes used to describe the mere excess of present value over former value, or of returns from sales over prime cost, the phrase "net profits" is appropriate to describe the gain which remains after the further deduction of all expenses, charges, costs, allowance for depreciation, etc.