In the last two years Trust House had shut down 10 of its businesses or sub-businesses, four on the one site at Solway.
That had resulted in 100 staff being made redundant across food and beverage, kitchen and bar staff and had been necessary because trust outlets were not delivering enough profit.
Mr Pollard said the hospitality and retail part of Trust Houses's business was a hard road due to multiple factors including competition, compliance costs, smokefree legislation, new drink-driving laws and social change.
Insurance costs had risen by $200,000, audit fees this year would be $120,000 and the trust had expenses its competitors did not incur such as paying trustee fees and election expenses.
Diversifying into social housing had been a huge success and Featherston Gateway had exceeded all expectations.
Total sales from its bottle store, Post Shop, supermarket and cafe were up between 10 and 15 per cent week on week on last year's returns.
Likewise money invested in remodelling the old Horseshoe Tavern and rebranding it as The Farriers had gone well. "It ... is in the black," Mr Pollard said.
Acquisitions in Porirua, including four gaming halls and a tavern, would add millions of dollars to income and allow more grants and sponsorship.