Combined earnings, from the old Granada and Carlton, before interest, taxes and amortisation for the 12 months ending December 2003 would have been £222m, a figure that is in line with analyst predictions.
The company revealed that net advertising revenue had fallen by 2% during 2003, reflecting ITV1's lower share of commercial viewing in 2002 after the impact of multichannel broadcasting.
It said that last year it had focused on improving peaktime viewing performance, where most of its revenue is concentrated, and that the viewing share remained stable year on year in all homes.
ITV will now focus on improving the peformance of its daytime schedule, saying that it had allocated more resources to regaining audience share in the mid to late afternoon. Children's television is also a priority.
It said that net advertising revenue across all of its channels was up by 1% for the quarter ending March 2004.
ITV chief executive Charles Allen said: "We are now focused more than ever on delivering what viewers, advertisers and shareholders want from ITV and we are seeing the results coming through. ITV is unlocking the benefits of being one company with one management team all working towards shared goals."
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