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The phrase "a smaller profit" is correct and usable in written English.
It can be used when comparing profits, indicating that one profit is less than another.
Example: "After analyzing the sales data, we found that this quarter's earnings resulted in a smaller profit than last year's."
Alternatives: "a reduced profit" or "a lesser profit".
Exact(32)
They would just make a smaller profit".
Children's items are lower-priced, producing a smaller profit.
But to well-heeled investors, a smaller profit was acceptable, he said.
Rising profits from commercial jets offset a smaller profit from defense work.
He's content to have a smaller profit margin each year and bring home less than his parents and grandparents did.
The company said it generated a smaller profit because of extra costs associated with closing unprofitable outlets and refurbishing others.
Similar(28)
But ASML, a Dutch chipmaker, reported a loss of euro63.5m ($71m), compared with a small profit a year ago.
However, it did report a small profit.
But many analysts had expected a small profit.
It had been expected to make a small profit.
It was called "Without Apology" and made a small profit.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com