Sri Lanka Telecom (SLT) group has recorded a profit of Rs. 547 million, which is a drop of 66 percent during the quarter ending March 2014.

Accordingly, the per share profit of the group for this quarter is only cents 30.

Though the revenue has increased by six percent to Rs. 15.2 billion, the main reason for the decline in profits has been the 13 percent rise in operational costs which is Rs. 11.1 million.