Shares in West Perth-based iron ore developer Midwest Corporation Ltd rose 6.5 per cent, after the company announced it had made a net profit after tax of $2.1 million for the year ended December 31, 2006.

Shares in West Perth-based iron ore developer Midwest Corporation Ltd rose 6.5 per cent, after the company announced it had made a net profit after tax of $2.1 million for the year ended December 31, 2006.