Property Finance Group has posted a half-year loss of more than $500,000.
The group's principal subsidiary, Property Finance Securities, was placed in receivership in August last year, but was then restructured and removed from receivership earlier this year.
It says it is now protecting existing assets as it attempts to repay investors and wind down the securities business.
Managing director Darryl Queen says the loss is a result of further provisions for asset impairment.
He says the group remains in a fragile state and is operating in an extremely challenging environment, but remains focused on protecting its remaining assets.