Jotun paints rosy picture for rest of year

Its profit totalled NOK 918m ($112m) for the period — a 19.2% increase on the same quarter last year.

Growth in house and decorative paints in the expanding markets of Asia and Middle East account for much of Jotun’s progress.

Managing director Morten Fon expects good results for the rest of the year.

In shipbuilding, Jotun is feeling the effect of reduced yard activity.