HANOI: About eight million shares of Noi Bai Cartering Service JSC (NCS) started trading on the unlisted public company market (UPCoM) on Wednesday. This followed the Ha Noi Stock Exchange’s permission that allowed 7,999,975 NCS shares to be listed on UPCom at a preference price of VND13,000 (US$0.57) each.
With an experience of more than 30 years as a subsidiary of the Viet Nam Airlines Joint Stock Company, NCS has been involved in airline catering, event catering, farming and food processing and import-export activities linked to the catering business.
Besides local airlines, NCS also serves international airlines such as: Asiana Airlines; Singapore Airlines; All Nippon Airway; Japan Airlines; China Airlines; Korean Air; Russia’s Aeroflot; Hong Kong Airlines; Qatar Airways and Air France.
NCS has total assets worth VND150 billion ($6.65 million) and a charter capital of VND80 billion ($3.54 million).By the end of September this year, NCS fulfilled 92 per cent of its yearly target. NCS will earn an estimated after-tax profit of VND36.1 billion ($1.601 million). On December 3, each NCS share closed at VND18,200 ($0.8) on the UPCoM market.
