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Interim Management Statement

15 Oct 2010 11:37

RNS Number : 4750U
Pochin's PLC
15 October 2010
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Pochin's PLC

("Pochin's" or the "Group")

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Interim Management Statement

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This Interim Management Statement covers the period from 1 June 2010 to date. The Chairman's Statement and the Business Review, included in the announcement dated 29 September 2010 of the annual results for the year to 31 May 2010, set out the general position of the Group at that time. This statement provides an update on the trading situation of the Group.

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The Construction division is performing creditably and continues to win new business in an increasingly competitive market. A recent example is the appointment of Pochin's as contractor to build the £8m new Ronald McDonald House at the Royal Manchester Children's Hospital.

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The Concrete Pumping division is still loss making but there are now discernible benefits evident from the re-organisation described in the Chairman's Statement and Business Review referred to above.

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The Property division, which now incorporates the remaining residential activity, is performing acceptably with few vacancies in its wholly owned commercial portfolio. Opportunities for development activity remain limited. In the property joint ventures, some progress has been made in reducing the Group's exposure to the costs of servicing unoccupied completed developments.

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Stability has been established in the regional commercial property market, but the prospects for increased construction activity in both the public and private sectors seem unlikely to improve in the short term.

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Richard Fildes

Chairman

Pochin's Plc

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15 October 2010

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Enquiries:

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Pochin's Plc Tel: 01606 833 333

John Moss

Chief Executive

John Edwards

Finance Director

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Charles Stanley Securities Tel: 020 7149 6000

Russell Cook / Carl Holmes

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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IMSMABMTMBJBBFM
Date   Source Headline
20th Nov 20077:01 amRNSInterim Management Statement
30th Oct 200711:18 amRNSDirectorate Change
22nd Oct 200712:32 pmRNSAnnual Information Update
24th Sep 20079:53 amRNSFinal Results - Replacement
24th Sep 20077:01 amRNSFinal Results
19th Jul 20074:23 pmRNSDirector/PDMR Shareholding
14th Jun 20072:30 pmRNSDirector/PDMR Shareholding
12th Jun 20075:20 pmRNSDirector/PDMR Shareholding
11th May 20075:46 pmRNSDirector/PDMR Shareholding
4th Apr 20074:37 pmRNSDirector/PDMR Shareholding
3rd Apr 20075:25 pmRNSDirector/PDMR Shareholding
29th Mar 20073:31 pmRNSHolding(s) in Company
27th Mar 20076:03 pmRNSDirector/PDMR Shareholding
27th Mar 20075:10 pmRNSHolding(s) in Company
27th Mar 20074:28 pmRNSHolding(s) in Company
26th Mar 20075:23 pmRNSDirector/PDMR Shareholding
22nd Mar 20079:14 amRNSHolding(s) in Company
21st Mar 20071:09 pmRNSDirector/PDMR Shareholding
20th Mar 20073:56 pmRNSHolding(s) in Company
20th Mar 20072:10 pmRNSDirector/PDMR Shareholding
8th Mar 20076:11 pmRNSDirector/PDMR Shareholding
5th Mar 200711:23 amRNSDirector/PDMR Shareholding
5th Mar 200711:23 amRNSDirector/PDMR Shareholding
27th Feb 20073:21 pmRNSInterim Dividend Record Date
27th Feb 20077:03 amRNSInterim Results
3rd Jan 20073:27 pmRNSDirectorate Change
21st Dec 200610:36 amRNSDirector/PDMR Shareholding
14th Dec 20063:37 pmRNSTotal Voting Rights
13th Dec 20063:42 pmRNSDirector/PDMR Shareholding
2nd Nov 20066:05 pmRNSDirector/PDMR Shareholding
2nd Nov 20065:56 pmRNSDirector/PDMR Shareholding
31st Oct 20064:02 pmRNSDirector/PDMR Shareholding
26th Oct 20063:57 pmRNSDirector/PDMR Shareholding
25th Oct 20064:23 pmRNSDirector/PDMR Shareholding
25th Oct 200610:00 amRNSAnnual Information Update
24th Oct 20063:29 pmRNSDirector/PDMR Shareholding
13th Oct 20064:18 pmRNSDirector/PDMR Shareholding
29th Sep 20068:11 amRNSFinal Results
23rd Aug 20065:05 pmRNSDirector/PDMR Shareholding
7th Aug 20062:55 pmRNSDirectorate Change
1st Jun 20065:26 pmRNSDisposal
12th May 20062:50 pmRNSDirector/PDMR Shareholding
16th Mar 200611:27 amRNSDirector/PDMR Shareholding
27th Feb 20065:30 pmRNSDividend Declaration
27th Feb 20067:01 amRNSInterim Results
24th Feb 20067:01 amRNSImplementation of IFRS PartII
24th Feb 20067:01 amRNSImplementation of IFRS Part I
3rd Jan 20063:19 pmRNSDirectorate Change
21st Dec 20053:41 pmRNSDirector/PDMR Shareholding
20th Dec 20059:09 amRNSDirector/PDMR Shareholding

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