Hawaiian Electric Industries Inc., the parent company of American Savings Bank and three major electrical utilities in the state, said Friday its first-quarter earnings were up 6 percent from 2016 numbers.

The company reported a profit of $34.2 million, or 31 cents a share, up from $32.2 million, or 30 cents, a share in the first quarter of 2016. Revenue increased 7 percent to $591.5 million from $550.9 million.

“Our utilities continue to be leaders in the transformation to clean energy and we’re making significant upgrades to our grids to make them more resilient, reliable and renewable-ready,” Connie Lau, HEI president and chief executive officer said in a prepared statement.

HEI’s electric utility subsidiaries, Hawaiian Electric Co. on Oahu, Hawaii Electric Light Co. on the Big Island and Maui Electric Co., reported a combined 15 percent decrease in net income for the quarter. The utilities earned a combined $21.5 million, compared to $25.4 million in the first quarter of 2016. HEI’s electric utilities’ revenue increased 7 percent to $518.6 million, from $482.0 million in 2016.