The results of the company's cost- cutting measures are evident in its profits, which increased five percent during the first three months of this year after it fell over the last two years.

• Awhich increased five percent during the first three months of this year after it fell  
• Bwhich had increased five percent during the first three months of this year after it had fallen  
• Cwhich have increased five percent during the first three months of this year after falling  
• Dwith a five percent increase during the first three months of this year after falling  
• Ewith a five percent increase during the first three months of this year after having fallen