Pochin’s group revenue rose 42% to £43.3m for the six month to November 2012. Of that, £38.3m came from construction, a 30% increase, and £5.0m from property development and investments.
Construction generated a pre-tax profit of £305,000. Group profit-after-tax on continuing activities was £500,000.
The concrete pumping business was sold for £1 on 31 July to Middlesbrough-based Alcedo.
Within the construction segment, one customer alone accounted for £11.7m of the revenue.
The forward order book stands at £70m.
Chairman Richard Fildes said: “With the elimination of concrete pumping trading losses, the group is in a position to benefit from its core activities of construction and property investment and development. The strong turnover performance in construction is a reflection of the division's established reputation for quality and reliability. This continues to prove of great value in sustaining the group during the difficult conditions which persist in the regional commercial property market.”
The company also announced that Nigel Rawlings takes over from John Edwards as group finance director this week.
Got a story? Email news@theconstructionindex.co.uk
