(A) the company reported a profit this quarter,
(B) expenses increased significantly,
(C) leading to concerns about sustainability
(i) even though
(ii) because
(iii) although
Using (i): Even though the company reported a profit this quarter, expenses increased significantly, leading to concerns about sustainability. Using (iii): Although the company reported a profit this quarter, expenses increased significantly, leading to concerns about sustainability. (ii) "because" does not fit as it implies a cause-effect relationship which is not implied here.
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