Ulster Television has reported pre-tax profits of £20.4 million for 2005, an increase of 19% on profits of £17.5m in 2004.
Group pre-tax profits jumped by 46% to £92.7m from £63.6m following the £96.9m purchase of the Wireless Group.
The company said that its radio operating profits in Ireland rose by 56% to £3.8m after charging pre-operational expenses of £500,000 and operational losses of £200,000 for its new Belfast licence.
Radio advertising in Ireland grew by 17% on a like-for-like basis.
Diluted earnings per share increased by 18% to 27.14p, up from 23.01p in 2004.
A 10.7% increase in the final dividend is being proposed, making a total dividend for the year of 12.5p, up 8.7% from 11.5p in 2004.
