Greek group Folli's H1 profit up 29 pct

ATHENS Aug 27 (Reuters) - Greek jewellery retailer Folli Follie FOLr.AT said on Thursday first-half net profit rose 29 percent year-on-year thanks to a diversified business model and strong Asian sales.

Folli, which sells products ranging from luxury goods to apparel in Europe and Asia, reported net profit of 54.7 million euros ($77.87 million) for the first half, up from 42.4 million in the previous year. (Reporting by Angeliki Koutantou; Editing by Rupert Winchester)