Pochin sees signs of recovery in construction

Grant Prior 10 years ago
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Pochin saw signs of a recovery in its core construction market during the back end of last year.

A trading statement to the City today confirmed the sale of its loss making concrete pumping division will also be completed shortly.

Pochin stemmed pre-tax losses at its construction division to just £20,000 for the six months to November 2011 compared to £78,000 last time as turnover ticked up to £29.3m from £21.6m.

Pochin said: “The construction division has performed well in testing market conditions with improved results compared to the corresponding period last year.

“While it remains particularly difficult to win new work in a fiercely competitive market, highly valued established clients continue to provide good opportunities which should enable this division to maintain its improved performance in the second half of the year.”

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