RNS Number : 1320G
  Pochin's PLC
  17 October 2008
   
    Pochin's PLC (the "Group")

    Interim Management Statement


    This Interim Management Statement covers the period from 1 June 2008 to date. The majority of that period is covered by the statements
of both the Chairman and Chief Executive in the Annual Report and Accounts dated 22 September 2008.

    As explained in those statements, trading conditions in each of the Group's divisions are challenging.  

    In the Contracting division, the benefits of the recent re-organisation are clearly visible and the forward order book remains
reasonably healthy. The division has recently been successful in tendering a new c.�20m office building for the Welsh Assembly Government in
Llandudno. Nonetheless, the market remains very competitive.

    Conditions for the Concrete Pumping business remain difficult. Demand in Scotland and the South of England is still more resilient that
that in the Midlands and North of England.

    The Homes division continues to suffer from the collapse in the market. The Group is sustaining this operation at a minimum level of
cost until a new, albeit reduced, level of activity can be re-established.

    In the Property division, rental income is being maintained satisfactorily. Property yields continue to drift with a corresponding
adverse effect on investment values and development appraisals. In this context, it is good to be able to report the recent completion of a
useful and profitable land sale.

    Overall the Group is performing creditably in difficult conditions.

    Richard Fildes
    Chairman
    Pochin's PLC
    17 October 2008 

    Contact:

    David Hedley                              Tel: 01606 833 333
    Company Secretary
    Pochin's PLC

    Philip Davies / Carl Holmes        Tel: 020 7149 6000
    Charles Stanley Securities


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