Interim Management Statement
October 15 2009 - 5:01AM
UK Regulatory
TIDMPCH
Pochin's PLC ("The Group")
Interim Management Statement
This Interim Management Statement covers the period from 1 June 2009 to date,
the majority of which is covered by the statements of both the Chairman and
Chief Executive in the Annual Report and Accounts dated 22 September 2009.
The Construction division continues to perform creditably in difficult trading
conditions, winning a number of useful contracts during the period. Good
progress is being made towards the successful completion of the large projects
at HQ Chester and Welsh Assembly Government buildings at Llandudno.
The Concrete Pumping division continues to suffer from a low level of activity
and an excess of capacity in the national market in which it operates.
It is encouraging to note that the prolonged and severe decline in commercial
property prices has come to a halt according to the latest Investment Property
Database UK Monthly Index. While the Property division is experiencing steady
levels of occupancy in its investment portfolio, development activity is likely
to remain subdued. The Residential division continues to pursue its stated aim
of realising its investment in both built homes and housing land in a
controlled manner.
Group debt has remained stable during the period and the previously reported
emphasis on cost control is being maintained.
Richard Fildes
Chairman
Pochin's PLC
15 October 2009
Enquiries:
Pochin's PLC
John Moss, Chief Executive 01606 833 333
John Edwards, Finance Director
Charles Stanley Securities
Philip Davies/Rick Thompson 020 7149 6457
END
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