Intersport PSC Holding, the Swiss licensee of Intersport International Corporation, reports a 31.8 percent improvement in its net profit to 1,926,000 Swiss francs (€1,786,000-$1,791,000) for the financial year ended last Sept. 30 in spite of an 18.8 percent decrease in its revenues to CHF 161.7 million (€149.9m-$162.2m), due in part to the late arrival of the winter season. Prices were reduced to cope with the strong franc, but the company and its retail members had to purchase more products abroad. Nevertheless, stronger cost controls helped the group to improve its operating margin from 0.6 percent to 1.0 percent. Meanwhile, the Swiss Stock Exchange has accepted a request to de-list Intersport PSC's shares of as of next May 12. As previously announced, the board had decided to make the request because of a very small and declining volume of transactions, involving excessive costs to keep the quotation going.

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