Silver Wheaton profit falls about 15 pct
Aug 11 (Reuters) - Canadian company Silver Wheaton Corp , which provides financing to miners in exchange for the right to buy a share of their future metal production, reported a lower profit, hurt by a rise in costs of sales and lower commodity prices.
Net profit fell to $53.7 million, or 13 cents per share, in the second quarter ended June 30, from $63.5 million, or 18 cents per share, a year earlier.
Revenue rose 10.7 percent to $164.4 million. (Reporting by Anannya Pramanick in Bengaluru)
© Thomson Reuters 2016 All rights reserved.