UPDATE 1-Singapore's Jardine Cycle 2004 profits up 78 pct


(Adds detail, background, shares) SINGAPORE, Feb 18 (Reuters) - Car distributor Jardine Cycle & Carriage Ltd. , Singapore's exclusive dealer of Mercedes-Benz cars, reported a 78 percent rise in 2004 profits on Friday and said it expected earnings this year to be favourable. The company said in a statement full-year 2004 net profit rose to $329 million from a restated $185 million the previous year. "The good trading performance in 2004 benefited from a number of favourable ...

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