Oslo - A meditation and healing centre co-owned by Norwegian Princess Martha Louise has yet to turn a profit a year after it was launched, reports said Monday.

According to the online finance site NA24 the Astarte Education centre posted a loss of some 61,000 kroner (12,000 dollars) after tax for the first six-month period it was in operation.

In a joint statement, the princess and board chairman Elisabeth Samnoy, who each own half of the centre, said they were pleased with how the centre has developed and expected a positive result for full- year 2008.