The success of EMAP's radio operations – including Kerrang! in Birmingham – failed to lift the company as it battled tough market conditions.
Kerrang 105.2 increased its market share to 3.4 per cent from 2.9 per cent last year and has grown listeners by over 20 per cent.
This helped helped increase Emap's share of UK commercial listening hours rose to 24.0 per cent, its highest ever share.
But despite the improvement at the radio division – with profits up from #13 million to #15 million – EMAP reported a flat peformance in the six months to September 30.
The company, which is best known for titles including FHM and Closer, saw sales during the six months to September 30 rise seven per cent to #435 million thanks to the launch of new titles.
But Emap also warned it did not see any near term improvement in the consumer trading environment as it posted pretax profits of #95 million – the same as last year.
In June, the firm sold its struggling French division to Arnoldo Mondadori Editore, the Italian publisher of glossy magazine Grazia, for #380 million.
Chief executive Tom Moloney said: "The interim results reflect the challenging conditions in a number of markets, but – based on current trends – we remain on track to deliver full-year results in line with our expectations."
The group also unveiled plans to invest a record #25 million into new product development, including increased focus on digital projects.
The group, which also owns digital radio stations including Kiss and Heat, said revenues at its UK magazine arm dropped four per cent to #185 million.
It explained May’s launch of First – a women’s weekly magazine – had been offset by loss of revenues from titles closed or sold last year, although it had enjoyed strong growth at Grazia.
There were good circulation increases at Max Power, Closer and Heat, while there were also improved performances at music magazine Kerrang! and weekly football title Match.
UK media companies have been hampered this year by a dismal advertising market and competition from the internet.
Emap said last week it was reviewing how it runs its magazine business and had hired a consulting group to help examine operations and find ways to cut costs.
"We have seen continued strong growth from our women's weekly titles, in particular Grazia, but again this has been offset by weakness in the men's and automotive portfolios," Emap said.
Meanwhile, EMAP’s radio division enjoyed 39 per cent growth in turnover to #81 million. The group said it would pay an interim dividend of 8.9p per share, up three per cent from a year ago.