Jersey Electricity's pre-tax profits before exceptional items rose by 2.5% to £13.5m in the year to the end of September.
Group revenue at £102.3m was 1% lower than in the previous financial year.
Unit sales volumes of electricity were marginally behind last year with Energy revenues at £80.5m against £81.2m in 2016.
Turnover in Powerhouse.je, its retail business, increased by 9% from £11.9m to £13.0m.
Revenue in the property business rose by £0.1m to £2.2m due to higher rental income.
Revenue from JEBS, its contracting and building services business, fell £1.1m from levels experienced in 2016 to £4.0m.
Turnover in its other businesses fell £0.3m to £2.6m. Overall cost of sales decreased by £2.1m to £63.2m mainly due to a reduction in import costs in the Energy business.
At 9:51am: (LON:JEL) Jersey Electricity Company The Ltd share price was 0p at 452.5p