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Interim Management Statement

26th Oct 2011 07:00

RNS Number : 8337Q
Pochin's PLC
26 October 2011
 

Pochin's PLC

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

 

Interim Management Statement

 

 

This Interim Management Statement covers the period from 1 June 2011 to date.

 

The Chairman's Statement and the Business Review included in the announcement dated 30 September 2011 of the annual results for the year to 31 May 2011 ("the Preliminary Announcement") set out the trading and financial position of the Group at that time. This statement provides an update on the Group's current position.

 

The Construction division continues to perform creditably in a difficult market and a healthy forward order book is being maintained.

 

The Property division is maintaining steady levels of occupancy in its investment portfolio and the previously announced programme of non-core property disposals continues.

 

As previously outlined in the Preliminary Announcement, negotiations with a prospective purchaser of the Concrete Pumping division are continuing.

 

There is no discernable improvement in the regional property and construction markets in which the Group operates.

 

 

Richard Fildes

Chairman

Pochin's Plc

 

26 October 2011

 

 

Enquiries:

 

Pochin's PLC

John Moss, Chief Executive 01606 833 333

John Edwards, Finance Director

 

Charles Stanley Securities

Russell Cook/Carl Holmes 020 7149 6476

 

 

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