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.
刚刚突然想通!虽然 over the last two years 是time maker,但是profits在未来不会在继续下跌,因为已经升高了,所以就直接用after falling over the last two years 做为profits 的 modifier。