United Gene High-Tech Group (HKG:0399) says that it expects a loss for the six months ended 31 December 2011 as compared to the profit recorded in the same period in 2010.

The board considers that such loss was mainly attributable to (1) the reduction in turnover; (2) the impairment losses on an intangible asset and goodwill; and (3) the increase in operating expenses for the startup of the health care management services centre.

The company plans to announce the interim results for the six months ended 31 December 2011 by the end of this month.