Net profit of Dynamatic Technologies rose 21.01% to Rs 9.39 crore in the quarter ended June 2019 as against Rs 7.76 crore during the previous quarter ended June 2018. Sales declined 1.14% to Rs 374.68 crore in the quarter ended June 2019 as against Rs 379.00 crore during the previous quarter ended June 2018.

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Dynamatic Technologies will hold a meeting of the Board of Directors of the Company on 8 August 2019.

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Dynamatic Technologies has successfully delivered the 5000th shipset of SingleAisle Flap-Track-Beam Assembly for Single Aisle Aircraft (A318, 431 9, 4320 & A321) Family to Airbus.

The Company along with its partner Spirit AeroSystems have successfully globalized the production ofa Class-1 Flight Critical Assembly that plays an important role in Flight Take-off and Landing.

This is the first instance that a functional aero-structure of a major commercial jet is being manufacturedby an lndian Private Company. Dynamatic Technologies is the global single source supplier of Flap-Track-Beam Assemblies and has over 60 technicians and engineers dedicated to the program.

It is a milestone moment for lndia and Dynamatic, having demonstrated sustained excellence inproducing complex wing-movables, as a global sole supplier for Airbus. It underlines Airbus'commitment to 'Make-ln-lndia' as a critical element of its global procurement strategy. It is also atestament to the benefits of teaming with Spirit AeroSystems, the world's leading aero structuremanufacturer.

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Dynamatic Technologies announced that the Annual General Meeting (AGM) of the company will be held on 9 August 2019.

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