Meaning of the word "net profit" in English

What does "net profit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

net profit

US /ˌnet ˈprɑː.fɪt/
UK /ˌnet ˈprɒf.ɪt/

Noun

the actual profit after working expenses, interest, and taxes have been paid

Example:
The company reported a significant increase in net profit this quarter.
Calculating the net profit requires careful accounting of all expenses.