Silver Wheaton profit falls about 15 pct

Tue Aug 11, 2015 5:30pm EDT
 
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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)