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GRG International said the release of its annual accounts had been delayed while the company finalised payments for an acquisition.
The payments comprised a deferred consideration due to the vendors and existing management of DQM Holdings, which was acquired by the company at the end of the financial year.
GRG said that DQM's financial performance was better than originally expected and the final amount of deferred consideration was consequently expected to be in the region of £3.7m.
That figure was slightly ahead of the top range of the £2.5m-to- £3.5m announced in February.
GRG said it was holding 'constructive discussions' with the vendors of DQM to vary the terms of the existing agreement.
The talks could result in the timing or composition of the deferred consideration being altered. At 3:07pm: (LON:GRC) GRC International Group Plc share price was -3p at 52.5p