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Discover LudwigThe phrase 'profit from it' is correct and is commonly used in written English.
You can use it when you are discussing the potential for financial gain from a situation. For example: If you invest wisely in the stock market, you can really profit from it.
Exact(60)
They often profit from it too.
Killing animals – profit from it.
Learn it and profit from it.
ICM will oversee the domain and profit from it.
Yet all are happy to profit from it.
Central banks in emerging markets can even profit from it.
They are also trying to profit from it.
Whether you profit from it might depend on shrewdness.
In fact, no one makes a profit from it.
"Of course we profit from it," he said.
"You simply did not profit from it," the judge said.
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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