SALANT CORP &lt;SLT> 1ST QTR FEB 28 NET
  Oper shr profit seven cts vs loss 12 cts
      Oper net profit 216,000 vs loss 401,000
      Sales 21.4 mln vs 24.9 mln
      NOTE: Current year net excludes 142,000 dlr tax credit.
      Company operating in Chapter 11 bankruptcy.
  

