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Lotus Development Corp. Wednesday reported that in its second quarter ended June 30 revenue increased 33 percent and net income 128 percent from the year-ago period. Net sales rose to $175.2 million from $132.2 million in the comparable 1989 quarter. Net income increased to $23.5 million, or 54 cents per share, from $10.3 million, or 25 cents per share, in the previous year's corresponding quarter. For 1990's first six months, Lotus' revenue advanced 35 percent to $340.8 million from $252.2 million in the similar 1989 period. Net income rose 197 percent to $46.3 million, or $1.06 per share, from $15.6 million, or 37 cents per share, in the first half of 1989. (excerpt)