Jotun, the world’s biggest producer of marine paints, believes it is headed toward another record year in 2021.

The privately-owned company's bullish stance comes after it reported that operating profit increased by 41.4% in the first quarter this year, compared to the same period last year.

The figure increased to NOK 1.12bn ($136m) in the first three months of this year, from NOK 792m in the same period of 2020.