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Barr saw its total profits decline from £19.6m down to £12.3m in its interim results for the period ending 27 July 2019.
The company said that it expects to meet the revised profit expectations despite the revenue falling to £122.5m from £136.9m, and the operating margin declining from 13.4% to 11.6%.
EPS came in at 9.83p before exceptional items with an interim dividend of 4p declared.
The business saw encouraging initial trade and consumer response to the launch of IRN-BRU Energy in July.
Commenting on the results, Roger White, Chief Executive, said:
'Our focus remains on delivering long-term growth. We have plans in place to address our specific brand related challenges and are ensuring that the business is appropriately scaled to perform in the current market.'