New Delhi, Oct. 30 -- India's Zee Entertainment Enterprises reported a 38% drop in quarterly profit on Friday, as costs related to the FIFA World Cup broadcast and other initiatives offset gains from subscription growth.

Here are some details:

* The broadcaster's consolidated profit fell to 478 million rupees ($5 million) for the July-September period, from 765 million rupees a year earlier

* Higher advertising and promotion spending would likely pressure Zee's core profit margins, Elara Capital analysts said in a pre-earnings note

* Zee said its programming and advertising expenses grew on account of FIFA, expanded content offerings and investments in other initiatives

* Overall expenses rose 16%, pushing down core profit margins to...