Sign In
Last checked at 
18 Apr 2013 07:00
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
Follow the stocks
