SRH, which owns 24 radio stations including Radio Forth and Radio Clyde, posted a 20% increase in radio revenues from continuing operations for the year.
Like-for-like radio broadcast revenues were up 10% from last year, reflecting an increase of 8% in national advertising revenue and 12% growth in local ad revenue.
The acquisition of FM 104 in Dublin this year, added to the purchase of Vibe 101 and Vibe FM last year, has bolstered the company's position.
Its 45 local newspapers fared well with total revenues up 9% over the year with advertising and circulation revenues growing by 10% and 8% respectively.
The group had borrowings at the end of September to £43.9m with a revolving credit facility of £60m.
Lord Gordon of Strathblane CBE, SRH chairman, said: "The significant increase in revenue and operating profits is extremely encouraging and with strong operating margins, market-leading local radio companies and established local press titles SRH is well-placed for continued growth."
In view of the strong performance, the board is recommending to shareholders an 8% increase in dividend to 14p.
Emap, which also released financial reports this week, is expected to press ahead with a takeover bid for the 72% of the SRH it does not already own.
Speculation is that when the Capital/GWR merger is given the green-light and the takeover embargo on the minimum price it can pay for SRH shares, expires in mid-January, Emap will put in a lower bid for each share.
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