AdEPT Telecoms (LON:ADT) saw shares rise nearly 5 percent on Thursday morning, after confirming that its underlying earnings are likely to be slightly ahead of market expectations.

Markets had expected a 23 percent rise year-on-year, meaning underlying earnings have risen significantly over the past year to beat targets. Turnover is also expected to be above market consensus expectation of a 29 percent rise year-on-year.

The firm said it recommended an increased final dividend of 4.50p per share, up from 4.00p in 2017, taking total dividends for year to 8.75p per share, up 13% over the prior period.

AdEPT also said that the deferred consideration of Our IT Department Limited of £3.65 million will be paid in early April 2018.

Shares in AdEPT (LON:ADT) are currently up 4.28 percent at 338.90 (1022GMT).