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Electronics Adapt

Nam Tai Electronics (NYSE: NTE) recently happily announced its second quarter results for 2012.  Net sales increased 62.8% year over year to $205.2 million.  Net income increased 213% year over year to $9.4 million.  These good results are attributed to a few main factors.  The company’s profits improved likely due to a discontinuation of certain production orders that have had low sales and poor performance for the past few years.
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