CROMA Security Solutions Group has hailed the contract it won at the Commonwealth Games as a major factor in it increasing turnover and profit.

The AIM-listed firm's Croma Vigilant arm was part of the overall security at the Glasgow event between May and August with the contract said to have generated around £800,000 in revenue. Croma said the profile it gained from participation in the Games has led to it being invited to tender for more contracts.

The group said annual turnover grew 12 per cent to £14.8 million while pre-tax profit soared from £43,376 to £304,584 in the 12 months to June 30 this year.

Separately, temporary hotel provider Snoozebox also hailed the Commonwealth Games as well as the Ryder Cup and Edinburgh Festivals for an improvement in fortunes in the second half of its financial year.

Snoozebox saw a rise in occupancy, the number of nights it sold and a 25 per cent hike in the average revenue per room to £150.