MG Morning Breeze: Updates to Skim before Market

Mettis Global reported that Sitara Petroleum Service Limited posted a 68.6% rise in net profit for the year that closed on June 30, 2026. The increase stemmed chiefly from improved profit margins and reduced tax costs rather than from higher sales. The statements were lodged with PSX on Tuesday.

Mettis Global's headline rounds the increase to 69 per cent, while the body text gives the figure as 68.6 per cent. For shareholders, the filing shows profit growth that was not matched by sales growth. Since sales did not drive the gain, margins and tax costs were the main factors behind the year's earnings. The result was listed among several corporate disclosures in the morning roundup, a digest meant to help readers prepare before the trading session.