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.”