	kloeckner und co s profit falls about pct kloeckner co kgaa the international trading group said its domestic group net profit fell by around pct against adding that the profit resulted largely from a writing back of reserves the company which gave no profit figures posted a domestic group net profit of mln marks in it said the profit was made possible through a mln mark write back of reserves that had been created to cover possible price rises these reserves were no longer necessary because of recent declines in raw material prices kloeckner attributed the profit decline to the fall in prices as well as the lower value of the dollar it said it would pay an unchanged dividend on its ordinary share capital which is entirely in private hands and held largely by family foundations kloeckner s nominal mark profit participation certificates issued in october will pay a likely yield of around pct holders of the certificates are entitled to a quarter of the payment or around marks the company added reuter 
