Technoline went to double its profits after it was bought from Vitals: it also made more money after 2013

Dec 17, 2024

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The Grand Master of the Sovereign Grand Lodge of Malta can safely say that Joseph Muscat’s Labour government made him rich. His medical equipment-importation company Technoline, increased its revenues and profits substantially after Labour took office. He then sold it for more than €5 million to his employee Ivan Vassallo.

After the company was sold to his employee Ivan Vassallo, the company went on to double its profits with further increased revenues.