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The phrase 'is profitable for' is correct and usable in written English.
You can use this phrase when you are expressing that something is beneficial or advantageous for someone or something. For example: Investing in stocks is profitable for those with a long-term perspective.
Exact(59)
Tesco's bank is profitable, for example.
The disaster narrative is profitable for some, but it leaves little space for nuance.
The industry's problems occur when what is profitable for the industry isn't good for its horses.
We're making a margin on it; this is profitable for us.
Even by his simple statement "Capitalism is profitable for the few and not the many".
That just indicates that this is profitable for the patent bar".
The rebels also keep a tight rein on other illegal sources of income, such as drug-trafficking and kidnappings.The war is profitable for all concernedIn short, the war is profitable for all concerned.
Mr Leighton argues that the price must be set at a level that is profitable for the Post Office.
The introduction of machines is profitable for the individual entrepreneur, to whom they give an advantage over his competitors.
The business is profitable for the institutions that create the products, but some officials fear that the trading of the contracts has helped feed the crisis.
Still, other experts caution that fear is profitable for the security industry, and that consumers should be realistic about the small size of the threat at this point.
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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