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The phrase "are highly profitable and" is correct and usable in written English.
You can use it when discussing the financial success or profitability of a business, product, or investment.
Example: "The new product lines are highly profitable and have significantly increased our revenue this quarter."
Alternatives: "are very lucrative" or "generate substantial profits".
Exact(13)
Google, Apple and Facebook are highly profitable and look likely to remain so.
First, Japan suffers from a glaring gap between large firms, which are highly profitable, and small ones.
Bon-Ton reported that "cold-weather categories, which are highly profitable and represent approximately 25 percent of our business in December, were down midteens on a percentage basis".
Google and Facebook are highly profitable, and while Netflix is only barely profitable, investors don't seem to mind; the company's share price set a new record on the day that Netflix announced its updated parental-leave policy.
Seriously distorted product costs can lead managers to choose a losing competitive strategy by de-emphasizing and overpricing products that are highly profitable and by expanding commitments to complex, unprofitable lines.
A majority of that revenue is advertising, but AOL's 6.2 million remaining customers for its dial-up Internet service are highly profitable and the most avid readers of its content.
Similar(47)
"They're big chains, they're highly profitable, and making their profits off of paying poverty-level wages," said Entmacher.
But an increasing number of employers continue to be highly profitable and are using the opportunity of economic difficulties to boost their profitability even further.
Sponsored research is highly profitable, and universities covet research contracts.
Morgan Stanley is highly profitable, and looks far from catastrophe.
The management is O.K., and CEZ is highly profitable and financially healthy".
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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