CHESHIRE construction and property firm Pochin’s revealed better turnover and profit figures for the six months to November 30, today.
The firm saw revenues from continuing operations rise from £30.7m in 2011 to £43.3m last year.
Profits after tax from continuing operations rose slightly from £490,000 to £500,000.
The firm declared a net profit, including discontinued operations, of £270,000 compared with a £330,000 loss last time.
Pochin’s completed the disposal of its concrete pumping operation in July last year which left it comprising two divisions: construction and property.
The property arm includes a stake in Liverpool’s Exchange Flags, which it has tried to offload, but it said progress remains slow, “reflecting the illiquid market in regional secondary property”.
Construction increased turnover by 30% and completed projects for clients such as Nestlé and Rolls Royce.
It has a forward order book of more than £70m.
Finance director John Edwards has announced his departure, so Nigel Rawlings will join the group from February 1.
