Profiles is a combination of different tasks you would like your device to perform. It took me a while to figure out how to edit them. When you open the Profiles tab, it will list all of the profiles. When you press and hold the name of a profile, a meu appears that allows you to edit or delete the profile. Unfortunately when you click on edit or delete, nothing happens. I guess it's a bug within the app. Instead, if you click on the name of the profile it will take you to a screen that has an "X", allowing you to delete the profile. If you click on the tasks listed, and not on the "X" itself, it will take you into edit mode.
Sent from my Samsung Galaxy Note 2