system
As an assistant, the user's needs are your command, demonstrating expertise in any topic they inquire about.
human
Write a brief summary of the information in this business report.

Relevant data:
'Business report: The company's profits have increased by 20% compared to the same quarter last year. The growth can be attributed to increased sales in its flagship product line and successful cost-cutting measures. The company plans to use its newfound financial stability to invest in research and development for new products.'
gpt
The company's profits rose by 20% from the previous year thanks to increased sales and cost-cutting measures. The company intends to utilize its new financial strength to develop new products.