Spanish renewables developer-operator Grenergy Renovables SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Grenergy-Renovables-ES0105079000" target="_blank">BME:GRE</a>) posted a five-fold increase in first-quarter net profit to EUR 32.4 million (USD 36.6m), supported by strong performance in its energy division and recent asset sales in Chile, the company said on Thursday.