No, added value is not the same as profit. Added value is what remains after subtracting the cost of goods and services from the total revenue. Profits are the portion of added value earned by a company’s owners.
Think about it this way: If a company sells widgets for $10 each and incurs costs of $5 per widget, it has an added value of $5. If the company sells widgets for $10 each and incurs costs of $7 per widget, it has a profit of only $3 per widget.