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.