Issuing a trading update before its results announcement on November 1, Chrysalis said it expects radio profits to be significantly ahead of last year.
While warning that the outlook for radio advertising remains short-term and subdued, it said it had outperformed the overall market, which it estimated suffered a 4% drop in revenues.
Its revenue growth was helped by its May 2004 acquisition of an East Midlands station, which it rebranded as Heart. Without counting the acquisition, revenues would have been the same as last year at £61.7m.
Chrysalis Music, the other division of Chrysalis Group, performed in line with its expectations. Chrysalis said its strong release schedule including international hits from Gnarls Barkley and Feeder is giving it an "encouraging level of visibility" into the next financial year.
Richard Huntingford, Chrysalis Group chief executive, 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."
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