Advanta India announced that the company 's consolidated net profit for the year ended December 2008 rose to Rs.50.49 crore from Rs.44.45 crore in the year ago. Total income soared to Rs.623.36 crore from Rs. 454.83 crore in the last year.
On a standalone basis, the company's net profit declined to Rs. 8.57 crore in the year ended December 31, 2008 compared to Rs. 12.19 crore in the previous year. Total income increased to Rs. 162.31 crore from Rs. 121.11 crore in the last year.
The company recommended final dividend of 10% or Re. 1 per share for the financial year ended December 31, 2008.
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