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Exchange reclassifies Afprint

Category: Investors NewsBeat

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Exchange reclassifies Afprint

June 11, 2007/ Guardian



Following the cessation of its textile operations since June 30, 2006, Afprint Nigeria Plc was last week reclassified from the textile sub-sector to the agriculture and agro-allied sub-sector on the daily official list of the stock exchange.


The company, which was listed on July 11, 1979 was involved in the inauguration and sales of the textile fabrics, yams and vegetable oil.


Its subsidiaries then include Afcott Nigeria Plc, Aflon Nigeria Plc and Sunseed Nigeria Plc, which all specialised in the production of agricultural products.


The company has been making losses since 2003 and has not paid dividend to shareholders since 1999, according to the official list of the Nigerian Stock Exchange.

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