It is possible for profiles to be cloned/duplicated from another project. This helps you quickly set up profiles if you're running multiple events that will share the same profiles. Navigate to Profiles > Bulk Import Profiles from the Navigation Panel and click the Existing Profiles tab.
Select the project that you wish to copy the profiles from and then click Load Data. The last step is to review the data, select the fields to copy over and then click Validate to finish the cloning process.