An IT and telecoms firm has surprised market analysts by announcing it will reveal better-than-expected results when it delivers its annual report in July.

Tunbridge Wells-based AdEPT said underlying earnings will be slightly ahead of market expectations of a 23% rise.

It also said turnover will be ahead of a forecasted 29% increase.

Meanwhile its net senior debt of £18.05m is lower than market expectations.

The business-to-business telecoms company, which is valued at about £77 million, has enjoyed a 4% boost in its share price on the London Stock Exchange to about £3.38 after the news.

It plans to increase its final divident to 4.5p a share, up

It announced an interim dividend of 4.25p per share in September.