Pochin's PLC Interim Management Statement (6170C)

TIDMPCH

RNS Number : 6170C

Pochin's PLC

18 April 2013

Pochin's PLC

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

Interim Management Statement

This Interim Management Statement covers the period from 31 January 2013 to date.

Construction

Whilst construction activity in the UK continues to decrease, albeit at a slower rate, it is pleasing to report the Construction division's forward order book is being maintained at healthy levels, although the market in which it operates remains highly competitive.

Property

The regional property market is still showing little sign of improvement, with transaction levels remaining low and values correspondingly uncertain. The commercial property portfolio continues to achieve high levels of occupancy and rental income remains steady.

Group

With most, but not all, of the joint ventures legacy issues resolved, and following the disposal of the Concrete Pumping division earlier in the financial year, the Group is benefiting from its concentration on the two remaining core activities. It remains true, however, that any significant improvement in the Group's performance is dependent on improved conditions in both the construction and commercial property markets.

Richard Fildes

Chairman

Pochin's Plc

18 April 2013

Enquiries:

Pochin's PLC

   John Moss, Chief Executive                                                        01606 833 333 

Nigel Rawlings, Finance Director

   Charles Stanley Securities                                                          020 7149 6000 

Russell Cook

Carl Holmes

This information is provided by RNS

The company news service from the London Stock Exchange

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