Wireless technology investment company imGO, formerly property developer Guoco Land, narrowed its loss in the year to June 30 - to HK$457.56 million from HK$722.89 million a year earlier. It was achieved despite a sharp fall in turnover to HK$40.03 million from HK$302.3 million. It made HK$185.15 million provisions for deficits on revaluation of investment properties. It also incurred substantial losses and provisions of HK$270.29 million from joint-venture real estate developments. In March, Hutchison Whampoa (Holdings), Swedish holding company Investor and Ericsson took over Guoco in a HK$1.37 billion deal, renaming it in June.