Reduced share of profits? (3)

I believe the answer is:

cut

I believe this is a double definition.

'reduced' is the first definition.
(similar in meaning)

'share of profits?' is the second definition.
(I've seen this before)

(Other definitions for cut that I've seen before include "Slice, chop" , "Clip" , "Prune" , "Remove; slice" , "Percentage" .)

I've seen this clue in The Times.

Want a hint initially instead of a full solution? Install my app