Swiss National Bank reports Q1 profit of 26.9 billion francs

ZURICH (Reuters) - The Swiss National Bank made a profit of 26.9 billion Swiss francs ($30.20 billion) during the first quarter, the central bank said on Thursday, as the value of its gold and foreign currency investments increased at the start of the year.

The bank made a profit of 24.2 billion francs from its foreign currency positions and 4.3 billion francs from an increase in the value of the gold it holds.

($1 = 0.8907 Swiss francs)

(Reporting by John Revill, Editing by Rachel More)