TIDMPCH

RNS Number : 0494P

Pochin's PLC

19 October 2012

Pochin's PLC

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

Interim Management Statement

This Interim Management Statement covers the period from 1 June 2012 to date.

The Chairman's Statement and Business Review included in the announcement dated 28 September 2012 of the annual results for the year ended 31 May 2012 ("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.

Construction

The construction division continues to perform creditably and a healthy forward order book is being maintained. This is in the context of a difficult market, as evidenced by the statement dated 15 October 2012 from the Office of National Statistics stating that in August 2012 construction activity was 11.6% lower compared with the same month a year ago.

Property

The Group's property investment portfolio is maintaining occupancy levels, and modest progress continues to be made in the disposal of non-core property assets.

Group

As set out in the Preliminary Announcement, the sale of Group's concrete pumping business was concluded on 31 July 2012. The Preliminary Announcement also referred to the agreement reached with the Royal Bank of Scotland plc for new banking facilities for the Group. These two developments provide a stable platform going forward, allowing the Group to concentrate on its two core businesses of construction and property development and investment.

Richard Fildes

Chairman

Pochin's PLC

19 October 2012

Enquiries:

Pochin's PLC

   John Moss, Chief Executive                                                        01606 833 333

John Edwards, 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

END

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