Austereo Group has posted a lift in full year net profit after its buoyancy in ratings helped drive an increase in advertising, and said it's well placed to capitalise on future advertising opportunities.

Austereo reported a 5.1 per cent lift in net profit to $48.824 million for the year ended June 30, 2008.

The owner of the Triple M and Today radio networks posted a 4.6 per cent lift in revenue to $266.722 million.

"Austereo is uniquely placed, through its current leading ratings and sales share, to capitalise on future advertising market uplift,'' chief executive Michael Anderson said