The company has reported a significant decline of up to 70% in sales which has directly placed more than 3,000 families in serious hardships.
The Vitis company directors are faced with a serious dilemma as business uncertainty sets in; they wonder what the “new normal” will look like and how it will affect business continuity.
Vitis Industries general manager Dr Sergey Mosin said other major corporations might withstand such losses in sales revenue and profitability due to their strong cash flow positions.
