Watchstone Group has recorded a total H1 loss before tax of £8.2m, from a loss of £32.3m.
"e are now closer to a simplified group and expect the next six months to clarify a number of additional historic matters," the company said in a statement.
"Operationally, we have some exciting opportunities to create value in our remaining businesses through a more focussed and realistic approach and particularly via organic growth and new product launches.
"We remain determined to deploy resources and energy to maximise such potential."
Group net assets totalled £130.6m, from £137.1m.