Profits slipped to £9.2 million on flat revenue of £41.4 million.
The company blamed the fall mainly on rising costs.
Old Speckled Hen volumes were up 6%, driven by off-trade growth.
Group operating profit – including Greene King’s pubs business – was 4.5% down on the corresponding period in the previous year, again on virtually flat revenue.
Chief executive Rooney Anand described it as a “solid set of results” given the current economic climate.
“Trading conditions are the toughest we’ve known for a long time,” he said, but added: “When the going gets tough, we have shown in the past that we have the capability and the energy to withstand difficult trading conditions.”