Chrysalis Radio delivered overall revenue growth of 4.2% in the twelve months to 31 August, reaching £65.5 million.
Chrysalis said that on a like-for-like basis, excluding the acquisition of Heart 106 in the East Midlands in May 2005, revenues for the full year were flat at £61.7 million.
However, tight control of overheads and improved trading arrangements with key agencies mean that profits are expected to be significantly ahead of the previous year, said the company.
Chrysalis Music’s growth in the net publisher’s share from its publishing activities is expected to be 5% for the period.
Richard Huntingford, Group Chief Executive, Chrysalis Group Plc, said: “Our radio and music businesses have met the expectations we set out in November last year and once again outperformed their peers in what has been another challenging period for all those involved in the media industry.
“We are now seeing the benefits of focusing on these two strong businesses, with their market leading positions, materialising as planned.”
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