Freyssinet to be 'more selective' in turnover

Vinci-owned Freyssinet Limited has signalled that it will be "more selective" in its turnover for 2009 as it battles with a tougher financial climate.

The company, which specialises in bridge construction, boosted its turnover 11% for the year to 31 December 2008 compared to the previous 12 months.

Meanwhile pre-tax profit saw a substantial 235% increase, helped along by the sale of the company's share holding in Reinforced Earth Company to Terre Armee, generating ВЈ1.8m.

The highest-paid director at the firm took home an increased wage packet of ВЈ158,272, compared to ВЈ149,567 in the previous year.

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