New Millennium Iron Corp. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
For the year, the company reported net loss of $31,273,000 or $0.17 per share compared to a net loss of $10,705,000 or $0.06 per share for the 2014 fiscal year. This loss includes an impairment of the investment in TSMC in the amount of $26,798,000, general and administrative expenses of $5,319,000.