Jan 25 (Reuters) - Wealth manager AMP Ltd AMP.AX said on Friday it expects a roughly 96.5 percent drop in its net profit for 2018 owing to large remediation costs, as well as increased investment risk over the period.
The company said it expects net profit attributable for the year to Dec. 31 to be about A$30 million ($21.27 million), compared to A$848 million reported last year.
AMP said it will declare a final dividend of about 4 cents a share when it reports its annual results on Feb. 14. ($1 = 1.4102 Australian dollars)