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Trading statements

AdEPT Telecom ahead of forecasts

04 April 2017 07:41

AdEPT Telecom expects underlying earnings before interest, tax, depreciation and amortisation for the year ended 31 March to be around 20% up on last time and ahead of market forecasts of a 18% rise year-on-year.

The group said turnover was expected to be approximately 16% ahead of the previous year and above market consensus forecasts.

AdEPT - which announced an interim dividend of 3.75p per share - today said that as a result of strong free cash flow and trading results it recommended an increased final dividend of 4.00p (2016: 3.50p) per ordinary share, subject to shareholder approval at the annual general meeting.

It said total dividends proposed for the year ended 31 March of 7.75p per ordinary share represented a 19% increase year-on-year (2016: 6.50p).

Story provided by StockMarketWire.com

Related Company: ADT

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