FosRich aims for massive revenue surge with 'Pinnacle 2027' strategy

Lighting and manufacturing company FosRich is aiming for five times greater revenue in three years.

The effort is dubbed Pinnacle 2027.

CEO Cecil Foster said by the end of the three years, the company should reach $22 billion in annual revenue.

FosRich recorded a turnover of $3.7 billion last year, which reflected growth of 10 per cent.

Addressing the company's annual general meeting last week, Mr Foster said after a period of deep investments over the past two to three years, the company had set the ambitious target based on the revenue potential and early performance of its expansion and diversification.