Past Simple, Past Continuous and Past Perfect (B1+)
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In October 2006, Voltra ... (be) in trouble.
was
The year before, the price of raw materials ... (rise) steadily, the company's sales ... (fall) and its shares ... (already/drop) in value by 30%.
had been rising steadily; had been falling; had already dropped
When the board ... (introduce) an emergency budget in January 2007, few people ... (expect) that it would transform things so quickly, but in September 2007, the company ... (report) a record $15m profit.
introduced; expected; reported
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