26th Oct 2011 07:00
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
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