Expect US business to break-even by year-end: ADF Foods

ADF Foods has approved buyback of shares worth Rs 18 crore. Bimal Thakkar, Managing Director of ADF Foods told CNBC-TV18 that the promoters holding will rise by 4 percent after the buyback. "We are very optimistic about company's business; things are looking good," Thakkar told CNBC-TV18."We continue to expand our presence in domestic business and we will see it growing this year", he said.

On the company's US business, Thakkar said that it was turning around and all efforts were being taken to grow the revenues.Thakkar expects the US business to break-even by this year-end.

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