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Interim Management Statement

18 Apr 2013 07:00

RNS Number : 6170C
Pochin's PLC
18 April 2013
 

Pochin's PLC

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

 

Interim Management Statement

 

 

 

This Interim Management Statement covers the period from 31 January 2013 to date.

 

Construction

Whilst construction activity in the UK continues to decrease, albeit at a slower rate, it is pleasing to report the Construction division's forward order book is being maintained at healthy levels, although the market in which it operates remains highly competitive.

 

Property

The regional property market is still showing little sign of improvement, with transaction levels remaining low and values correspondingly uncertain. The commercial property portfolio continues to achieve high levels of occupancy and rental income remains steady.

 

Group

With most, but not all, of the joint ventures legacy issues resolved, and following the disposal of the Concrete Pumping division earlier in the financial year, the Group is benefiting from its concentration on the two remaining core activities. It remains true, however, that any significant improvement in the Group's performance is dependent on improved conditions in both the construction and commercial property markets.

 

 

 

Richard Fildes

Chairman

Pochin's Plc

 

18 April 2013

 

 

Enquiries:

 

Pochin's PLC

John Moss, Chief Executive 01606 833 333

Nigel Rawlings, Finance Director

 

 

Charles Stanley Securities 020 7149 6000

Russell Cook

Carl Holmes

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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