Engineering firm Cosalt said yesterday it still could not publish its annual accounts for last year because its long-term financial future remained uncertain.
The company is in talks with chairman David Ross, pension trustees and banks to secure funding.
It said it could not publish its results, while its shares remained suspended, until those discussions were complete. Cosalt added that after interest and the costs associated with being listed on the stock market it continued to trade at a loss.
The firm, whose Cosalt Offshore arm employs more than 240 people in Aberdeen, also said good progress had been made towards operational improvements within its main business.