Due to be profitable and efficient (7)

I believe the answer is:

payable

'due' is the definition.
(similar in meaning)

'profitable and efficient' is the wordplay.
'profitable' becomes 'pay' (I've seen this before).
'and' means one lot of letters go next to another.
'efficient' becomes 'able' (I've seen this in another clue).
'pay'+'able'='PAYABLE'

'to be' is the link.

I've seen this clue in the Sydney Morning Herald.

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