Interim Management Statement
November 20 2007 - 1:01AM
UK Regulatory
RNS Number:0382I
Pochin's PLC
20 November 2007
Pochin's PLC
Interim Management Statement
As was foreshadowed at the end of September in the announcement of the results
for the year ended 31 May 2007, Pochin's has experienced a slow start to the
year.
The Contracting Division is experiencing some delays in the start of new
projects although the forward order position remains strong. The wet summer
weather was unhelpful.
The Construction Services Division has benefited from a steady level of demand,
and previously reported measures to cut costs are bearing fruit. Weaker demand
for new houses is being reported by the Homes Division. The Property Division
is also experiencing uncertain trading conditions, with the general
re-assessment of value in UK commercial property making it more difficult to
bring transactions to completion.
The change in sentiment for commercial property makes the Group cautious in its
outlook. In the light of the tougher conditions which now prevail, it remains
possible, though inevitably more challenging, to meet market expectations during
the year.
Richard Fildes
Chairman
Pochin's PLC
20 November 2007
Enquiries:
Pochin's PLC
David Shaw, Chief Executive 01606 833 333
John Edwards, Finance Director
Charles Stanley Securities
Philip Davies/Rick Thompson 020 7149 6457
This information is provided by RNS
The company news service from the London Stock Exchange
END
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