Gasan Group wins prestigious award for outstanding performance
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