Gasan Group wins pres­ti­gious award for out­stand­ing per­for­mance

The Malta Independent on Sunday - - BUSINESS & FINANCE -

The Gasan Group re­cently re­ceived the 2018 Malta Stock Ex­change (MSE) Com­pany of the Year award at the an­nual din­ner held at the Phoeni­cia Ho­tel, Val­letta. Th­ese awards bring to­gether the many stake­hold­ers of the Mal­tese cap­i­tal mar­ket and recog­nise peo­ple and or­ga­ni­za­tions that merit an award for their achieve­ments. The award for com­pany of the year rec­og­nizes the fi­nan­cial growth, cor­po­rate gov­er­nance and out­stand­ing achieve­ments of an or­gan­i­sa­tion.

The event was presided Min­is­ter for Fi­nance Ed­ward Sci­cluna, the Stock Ex­change’s chair­man Joseph Portelli, and at­tended by guests from the busi­ness and fi­nan­cial sec­tor. Portelli called on Joseph A. Gasan, as chair­man of Gasan Group, to ac­cept the award from Fi­nance Min­is­ter Ed­ward Sci­cluna, say­ing that Gasan Group was cho­sen be­cause of a se­lec­tion process which showed that 2017 was an out­stand­ing year for the Group. Op­er­at­ing in­come for the year stood at €20 mil­lion, al­most three­fold the pre­vi­ous year’s op­er­at­ing in­come, mainly driven from the Group’s core op­er­a­tions. Dur­ing his ad­dress, Portelli also out­lined the Ex­change’s plans for fu­ture strate­gic growth. Portelli then con­grat­u­lated Gasan on this achieve­ment be­fore in­tro­duc­ing Fi­nance Min­is­ter Prof. Ed­ward Sci­cluna.

Gasan ac­cepted the award on be­half of the Group, ex­press­ing his grat­i­tude to all those who work and whose tire­less hard work and com­mit­ment have all con­trib­uted to the con­sis­tent growth of the or­gan­i­sa­tion. He also high­lighted the core val­ues of the Gasan Group as a pi­o­neer­ing force in the mar­kets it op­er­ates in, and its di­verse port­fo­lio rang­ing from fi­nance, in­sur­ance, build­ing ser­vices and real es­tate, to en­ergy and the au­to­mo­tive sec­tor. He men­tioned that the Gasan Group was the first Mal­tese pri­vate com­pany to an­nounce and suc­cess­fully con­clude a bond is­sue listed on the Malta Stock Ex­change back in 1994.

He closed his ad­dress by thank­ing his fam­ily for their con­tin­u­ous sup­port, high­light­ing the hard work of his son Mark, who as CEO of the com­pany has been di­rectly re­spon­si­ble for the im­pres­sive op­er­at­ing re­sults and the strate­gic di­rec­tion the Group is tak­ing. Gasan also thanked the Man­age­ment Team, the var­i­ous busi­ness part­ners and em­ploy­ees who make up the Gasan Group and fi­nally paid trib­ute to his par­ents whose hard work and tire­less de­ter­mi­na­tion laid the foun­da­tion for the group. Mr Gasan ended his speech by thank­ing the Malta Stock Ex­change for its ster­ling con­tri­bu­tion to the Mal­tese econ­omy.

Joseph Portelli, Min­is­ter for Fi­nance Prof. Ed­ward Sci­cluna, Joseph Gasan

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