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Exhibit 99.3

 

LOGO

UNILIFE CORPORATION

ARBN 141 042 757

Appendix 4D – Half Year Report

Six months ended 31 December 2012

Results for announcement to the market


UNILIFE CORPORATION HIGHLIGHTS

Results for Announcement to the Market

 

                       Six Months Ended
31  December 2012
US$000’s
    Six Months Ended
31  December 2011
US$000’s
 

Revenues from ordinary activities

   Down      54.3     to         1,391        3,042   

Profit (loss) from ordinary activities after tax attributable to members

   Up      20.3     to         (27,137     (22,555

Net profit (loss) for the period attributable to members

   Up      20.3     to         (27,137     (22,555

 

Dividends (distribution)

  

Amount per security

   Franked amount per security

Final dividend

   N/A    N/A

Interim dividend

   N/A    N/A

Total

   N/A    N/A

Record date for determining entitlements to the dividend

      N/A

Results of Operations

Revenues decreased from US$3.0 million during the six months ended 31 December 2011 to US$1.4 million during the six months ended 31 December 2012. This decrease was primarily attributable to the recognition of $1.4 million of revenue related to the achievement of the last milestone under our industrialization agreement with Sanofi during the six months ended 31 December 2011.

Net loss increased from US$22.6 million during the six months ended 31 December 2011 to US$27.1 million during the six months ended 31 December 2012. The increase in the net loss was primarily attributable to the decrease in revenues as well as an increase in non-cash share-based compensation expense.

Basis of the Preparation of the Half Year Report

The half year report has been prepared in accordance with ASX Listing Rule 4.2A.3 and the disclosure requirements of ASX Appendix 4D.

The half year report has been prepared in accordance with accounting principles generally accepted in the United States of America.

The Board of Directors does not recommend that a dividend relating to the six months ended 31 December 2012 be paid. As such, there is no applicable record date.

Net Tangible Assets per Security

 

     31 December 2012      31 December 2011  

Net tangible assets per share

   US$ 0.33       US$ 0.76   

Net tangible assets per CDI

     A$ 0.05         A$ 0.13   

 

LOGO

 

JIM BOSNJAK
Chairman

Date: 12 February 2013

Half Year Report to 31 December 2012

Unilife Corporation ARBN 141 042 757

 

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