Jan 23 (Reuters) - Investment manager Challenger Ltd CGF.AX said on Wednesday it expects its interim net profit to plunge following a tumultuous first half marked by increased market volatility.
The company said it now expects statutory net profit of A$6 million ($4.27 million) for the six months to Dec. 31, a large drop from the A$195.4 million reported in the prior corresponding period.
Challenger will report its interim results on Feb. 12. ($1 = 1.4039 Australian dollars)