The total or aggregated profit that is made by all the entities (e.g., subsidiaries) forming or belonging to a business group (parent), when all the respective profit for each entity is summed up, for a certain period of time. Consolidation of profits entails the establishment of group accounts, with the aim to reflect the state of affairs and results of a consolidating entity.
Broadly speaking, consolidated profit is a measure of the profit of an entity as a whole, including each segment or division of the entity. The overall profit of the entire entity is calculated as the summation of all standalone, separate segments/ divisions, units, etc. In this sense, consolidated profit is the opposite of individual profit or standalone profit.
