Australian Ethical Investment Limited announced the earnings guidance for the six months ending December 31, 2016. For the period, the company provided net profit after tax is expected to be between $0.4 and $0.8 million a decrease of 59.4% on the prior corresponding period. The reduction in forecast profit is due primarily to remediation and project costs related to unit pricing errors in respect of superannuation fund. For the first half 2017, the company expected net profit after tax of $610 million.