Just over a year ago I did a deep dive into Vinda International Holdings Limited (“Vinda”) (HKG:3331). The outbreak of the Covid-19 pandemic in 2020 had presented an abnormally volatile operating environment for the Group. There were many reported instance of panic buying of toilet paper at stores as the virus disrupted supply chains. Fast forward to today, Vinda has announced its annual results for the year ended 31 December 2020. As we follow up on the Group, here are 6 highlights of its latest earnings that investors should be aware about. 1. Resilient business as total revenue increased by 3.7% (at constant exchange rate) Total revenue increased by 2.7% (growth at a constant exchange rate: 3.7%) from HK$16,074 million in 2019 to HK$16,512 million in 2020. This represents solid top line growth in a challenging environment. Looking at sales channels, its traditional distributors, key account managed supermarkets and hypermarkets, B2B corporate customers,...