The Gasan Group recently received the 2018 Malta Stock Exchange (MSE) Company of the Year Award at the annual awards dinner hosted at the Phoenicia Hotel, Valletta. The awards bring together the many stakeholders of the Maltese capital market and recognise people and organisations that merit an award for their achievements. The award for company of the year recognises the financial growth, corporate governance and outstanding achievements of an organisation.
The event was presided over by Finance Minister Edward Scicluna, the Stock Exchange’s chairman Joseph Portelli, and attended by guests from the business and financial sector.
Mr Portelli that Gasan Group was chosen because 2017 was an outstanding year for the Group. Operating income for the year stood at €20 million, almost three times the previous year’s operating income, mainly driven from the group’s core operations.
During his address, Mr Portelli also outlined the Exchange’s plans for future strategic growth.
Mr Portelli then called on Joseph A. Gasan, as chairman of Gasan Group, to accept the award from Prof. Scicluna.
Mr Gasan accepted the award on behalf of the group, expressing his gratitude to all those who work at the group and whose tireless hard work and commitment have all contributed towards 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 across finance, insurance, building services, real estate, energy and the automotive sector. He went on to mention that the Gasan Group was the very 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 strategic direction the group is moving towards.
Mr Gasan also thanked the management team, the various business partners and employees who make up the Gasan Group and finally recalled his parents whose hard work and tireless determination laid the foundations for the group.
Mr Gasan ended his speech by thanking the Malta Stock Exchange for its sterling contribution to the Maltese economy.