KMART IMPROVES PROFITABILITY

TROY, Mich. -- Kmart Holding Corp. here said last week better controls enabled the company to report a net profit for the fourth quarter ended Jan. 28 -- its first profit since emerging from Chapter 11 last May 6.k year, Kmart reported net income of $248 million, compared with a loss of $1.8 billion for the prior year. Sales fell 23% to $17.1 billion, and same-store sales fell 9.5%.Kmart said its

TROY, Mich. -- Kmart Holding Corp. here said last week better controls enabled the company to report a net profit for the fourth quarter ended Jan. 28 -- its first profit since emerging from Chapter 11 last May 6.

k year, Kmart reported net income of $248 million, compared with a loss of $1.8 billion for the prior year. Sales fell 23% to $17.1 billion, and same-store sales fell 9.5%.

Kmart said its fiscal year covered only 39 weeks and excluded financial data from the predeces

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